Usman Salis
XRP (Ripple) flashes rare reversal signal after hitting massive $1 billion open interest milestone. Could this trigger the long-awaited rally to $4?
Something big is brewing with XRP. The third-largest crypto just smashed through $1 billion in open interest on Binance in 24 hours, according to CoinGlass data. That's not just a number – it's smart money making a statement.
XRP futures open interest exploded to $1.33 billion on Binance, with trading volumes hitting $3.82 billion. The XRP/USDT pair alone accounts for $1.05 billion of that action, while futures trade count reached 4.04 million – another record-breaking figure.
This surge comes as XRP printed a textbook inverted hammer pattern after three days of selling from the August 8 high of $3.38. For those who don't speak chart language, that's crypto's way of screaming "reversal incoming."
XRP (Ripple)Technical Setup: Why $4 Is Back on the Table
After getting hammered for three straight days from that $3.38 peak, XRP just flipped the script with a classic inverted hammer candlestick. This pattern typically shows up right before prices reverse course.
The daily RSI sits above the 50 line, giving bulls a slight edge. We might see some sideways action before the next big move, but the setup favors higher prices.
If this reversal holds, XRP bulls are eyeing a run back to $3.38 first. Break that with conviction, and $3.66 becomes the next target. Punch through both, and suddenly $4 isn't wishful thinking anymore.
What's Driving XRP's Momentum Right Now
The timing isn't coincidence. The Ripple-SEC legal drama finally ended when both sides filed a joint dismissal of their appeals. After years of regulatory uncertainty, that cloud has lifted completely.
Ripple also dropped $200 million to acquire Rail, a stablecoin platform for global payments. This shows they're expanding beyond traditional XRP use cases, potentially unlocking new demand drivers.
Smart money is connecting the dots: legal clarity + strategic expansion + technical breakout = opportunity. That $1 billion in fresh open interest? Traders positioning for XRP's next major leg up. The risk? Watch $2.81 where the 50-day moving average sits – lose that and the bullish story gets complicated.
Usman Salis
