XRP Bulls Eye $3.00 as Market Sentiment Soars
Ripple ($XRP ) is holding steady at $2.60, showing resilience and maintaining its upward momentum as the broader crypto market enjoys improved sentiment. With bulls setting their sights on $3.00, trading activity in XRP continues to intensify.
Over the past week, XRP futures Open Interest (OI) surged by more than $1 billion, reflecting a sharp rise in speculative activity. According to Glassnode, XRP's OI jumped 41.6% in just one week, signaling growing trader confidence and leverage in the market.
$XRP has steadily climbed from April’s tariff-induced dip at $1.61, reclaiming key levels and catching the attention of both retail traders and institutional whales. The total XRP futures OI now stands at $3.42 billion, the highest in the past three months.
Whale activity has notably increased. Wallets holding between 10 million to 100 million XRP now control 12.22% of the total supply—up from 10.76% in mid-March. Even more significant is the return of mega-whales (holding over 1 billion XRP) who had previously sold at April’s local high of $2.36. This group now holds 39.13% of the total supply, rising from 37.53% since early May.
This increased whale exposure highlights a renewed risk appetite, with large investors banking on short-term gains and possibly a breakout past the psychological $3.00 barrier.
Looking ahead:
With strong backing from whales, rising futures interest, and improving market mood, XRP bulls seem firmly focused on the next major milestone—$3.00.