The XRP chart has been vibrant since Ripple's latest victory over the SEC. That victory instilled strong confidence in the market, sparking the robust price increase we saw in early July.

From late May to mid-June, XRP was quite stagnant, fluctuating around $2.00 to $2.40. The situation changed in early July when strong buyers entered, pushing the price up. By July 15, XRP reached $3.66 - the highest in several months - before sellers took control and a correction began.

That price drop touched a low near $2.80 in early August. Since then, buyers have countered, bringing XRP up to around $3.31 today. The short-term trend leans bullish, but there is still much to do before the market can retest the high of $3.66.

Volume

The price surge in July was supported by a significant increase in trading volume, indicating real buying confidence following Ripple's legal victory.

Recently, trading volume has cooled down—the most recent 4-hour candle showed 3.64 million transactions, with anticipated volume at 57.43 million. This is a sign that XRP remains attractive, but traders are waiting for a clear breakout before deciding to invest in larger volumes.

Open Interest – Detailed Review

Open interest (OI) is currently at 338.04 million, slightly lower than the recent high of 338.19 million.
Here are the reasons why this is important:

  • During the price surge to $3.66 in July, OI increased steadily with the price, meaning traders were adding new long positions rather than just closing short positions.

  • When the correction occurred at the end of July, OI dropped sharply. This indicates a wave of position closing—some traders took profits, while others cut losses.

  • In the past few days, OI has increased again. This is a notable change, indicating that traders are returning with new positions, possibly betting that Ripple's legal clarity will continue to attract interest from institutions and individual investors.

If OI continues to rise while the price remains above $3.28, this could set the stage for another price increase.

Short-Term XRP Price Prediction

  • Bullish Scenario: Hold above $3.28 and push through $3.50 – likely to test $3.66 again, with a breakout target of $3.80 or higher if volume and OI both increase.

  • Bearish Scenario: Lose support at $3.28 – drop to $3.00, and if unsuccessful, the likelihood of the price testing $2.80 again is very high.

  • Neutral Scenario: Range from $3.28 to $3.50 until a new catalyst appears, such as new institutional capital flowing into XRP after the court ruling.

Important Levels to Monitor

  • Resistance Levels: $3.50, $3.66

  • Support Levels: $3.28, $3.00, $2.80

Ripple's legal victory continues to build market sentiment, but the market needs confirmation through sustained buying pressure. The developments in OI and trading volume over the next few days will tell us whether the buyers are ready for another price increase.