XRP holds above $2.50 support as bulls eye a breakout toward $2.65 and $2.80.
Open interest rises 2.7% to $5.49B, showing renewed confidence in long positions.
Technicals remain bullish with MACD trending up and RSI holding above the 50 level.
Ripple’s XRP continues to trade above a key structural support level of $2.50 after rebounding from recent lows. The asset has maintained bullish momentum despite regulatory uncertainty and broader market volatility, with traders now watching for a potential breakout above $2.65.
XRP Retains Bullish Structure Above $2.50
XRP’s breakout above the $2.50 level on May 10, 2025, marked a technical shift, confirmed by a rising trendline from recent lows. According to analysis prepared by Investing Haven via X, the asset has respected this “yellow edge” support during its pullbacks. The current chart suggests that $2.50 must be held to sustain upward momentum.
VipRoseTr also shared via X that XRP has formed a bullish falling wedge breakout, with volume supporting continued movement. Price action remains constructive above $2.50, with confirmation expected if the market clears the $2.65 mark. If $2.50 fails, fallback support levels at $2.42 and $2.20 are being monitored.
Technical indicators continue to reflect strength. The MACD for XRP/USD is moving in the bullish zone, and the RSI remains above 50. The price is also trading above the 100-hourly Simple Moving Average, suggesting ongoing support from market participants.
Traders Focus on Open Interest and Long Positioning
XRP’s open interest increased by 2.7% to $5.49 billion on Tuesday, according to Coinglass data. This rise comes even as daily derivatives volume fell by more than 40%, showing that new leveraged positions are being established.
https://twitter.com/egragcrypto/status/1922197135224651778
Long/short ratios remain favorable for bulls. Binance top trader ratio stands at 3.00, while OKX traders maintain a 2.13 ratio. These figures show aligned sentiment across exchanges, with traders positioning for further upside.
If price sustains above $2.50, XRP may target $2.65, $2.72, and $2.80 in the near term. Maintaining current levels will be key to continuing the bullish trend seen since early May.
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