Driven by the overall rebound in the cryptocurrency market, XRP has performed strongly over the past week, with a weekly increase of 20%.
Although the current price has seen a slight pullback, as of the time of writing it is at $2.54, down about 2% within 24 hours, but still well above recent lows, with market activity continuing to rise.
Derivatives trading is active, and open interest has significantly rebounded.
XRP's trading activity in the Binance derivatives market is recovering, indicating that speculative interest is warming up again.
Previously, due to extreme market volatility, open interest fell to a low of $530 million, but has quickly rebounded recently, indicating that investor confidence is returning.
It is worth noting that while the current open interest data is still short of the previous peak of $1.5 billion, the upward trend reflects that market participation is gradually recovering.
Financing rates are neutral, and short positions are subtly increasing.
Binance's financing rates indicate that the current market is in a relatively balanced state.
Previously, during the price pullback phase of XRP, the funding rate briefly turned negative, indicating an influx of short positions and a potential 'short squeeze' risk.
Currently, financing rates are tending towards neutrality, showing a relatively balanced power between bulls and bears. However, it is worth noting that short positions are quietly increasing, which may accumulate potential for future price volatility.
Selling dominates but struggles to suppress prices, possibly signaling 'silent accumulation'.
Another key indicator—the Taker buy/sell ratio—is currently at 0.91, showing that active sell orders slightly dominate the market, with noticeable selling pressure.
However, it is concerning that despite the increased selling pressure, XRP's price has not significantly retraced.
In this situation, price stability often represents a larger scale of buying power quietly accumulating, which may be a 'silent increase' behavior before a breakout.
Multiple indicators are signaling a trend reversal; pay attention to key confirmation points.
Considering the current market characteristics—rising open interest, neutral financing rates, and stable price resistance—XRP may be in a preparatory phase before the next round of volatility.
This pattern typically appears before a trend reversal or key breakthrough, warranting close attention from investors.
Although there is still uncertainty in the market, the gradually rising speculative activity and robust price performance suggest that the market structure is adjusting, laying the groundwork for a possible next wave of trends.