XRP has reclaimed the $1.50 level as market activity accelerates and bullish momentum begins to build after weeks of consolidation. The rise suggests that buyers are regaining control, with traders keeping a close eye on whether XRP can sustain this breakout and establish a stronger uptrend.
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In addition to price action, derivatives data also shows a notable shift in market behavior. According to a recent CryptoQuant reportMultiple indicators are now pointing to levels of activity not seen for weeks, pointing to a renewed wave of participation in the XRP markets.
The Multi-Exchange Open Interest Delta in particular shows clear signs of expansion. This metric tracks the net change in the total number of open contracts on the major derivatives platforms over time, providing insight into how traders are positioning themselves.
A positive Open Interest Delta indicates that new positions are being opened, due to growing participation and capital inflow into the market. Conversely, a negative outcome indicates that traders are closing their positions, which usually indicates reduced activity or risk-taking behavior.
Recent data shows a continued increase in open interest, indicating that traders are actively entering rather than exiting the market. For analysts, this shift often signals increasing conviction and increasing speculative interest, conditions that can support stronger price movements if accompanied by sustained demand and favorable market structure.
Rise in open interest and liquidations are driving XRP’s breakout momentum
The CryptoQuant report offers a broader perspective by tracking Open Interest Delta across six major derivatives exchanges, providing a comprehensive view of how traders are positioning themselves in XRP. The data reveals two distinct waves of position building that preceded the recent breakout.
On March 13, open interest increased by approximately $16 million, followed by a second increase on March 16, with another $18 million in positions opened. This sequence is structurally important as it shows that traders were actively building exposure before XRP broke above the $1.50 level, marking the asset’s first return to this price zone since February 15.
At the same time, liquidation data highlights the impact of this positioning. XRP’s move above $1.50 forced significant liquidations of short positions, proving that the breakout caught many traders off guard.
The previous increase in open interest played a key role in this dynamic. Higher leverage in the market meant that once the price moved against short positions, forced liquidations accelerated the move, adding momentum and volatility.
This combination of pre-breakout positioning and post-breakout liquidations suggests that derivatives activity amplified XRP’s rally beyond spot market demand, creating a feedback loop that intensified price action.
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XRP Reclaims $1.50 But Faces Structural Resistance
The XRP 3-day chart shows the asset trying to stabilize after a long-term downtrend that started in late 2025. XRP is currently trading around $1.51, having recently reclaimed the $1.50 level, which now acts as a key short-term hinge for price direction.
The broader structure remains corrective. XRP continues to trade below the moving averages over the 50, 100 and 200 periods, all of which are trending downwards. The current market alignment reflects continued pressure as sellers often face price increases with high supply at higher levels.
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However, the recent recovery from the $1.10 to $1.20 region is technically significant. That zone marked a capitulation low, supported by a noticeable increase in volume, indicating strong absorption by buyers. Since then, XRP has formed a base between $1.30 and $1.45, gradually building momentum before heading higher.
Reclaiming $1.50 signals improving sentiment, but the asset now faces immediate resistance around $1.70, followed by a stronger barrier around $2.00, where previous consolidation and moving averages meet.
The volume during the recovery remains moderate, indicating that the movement is still developing and not driven by an aggressive inflow.
Featured image of ChatGPT, chart from TradingView.com