XRP reclaims and holds the $2 support zone, confirming a monthly breakout structure with a possible move toward the $3.28 resistance.
XRP futures open interest rises 14.42% to $5.29 billion, with a 76% increase in options volume reflecting growing trader optimism.
XRP wallet holders near 6.5 million, with 638,000 new wallets added in 2025, marking an 11% growth in global user participation.
XRP has maintained a strong position above the $2.00 support zone, suggesting the formation of a robust monthly bullish structure. This development may be the foundation for a continued upward movement in the current market cycle.
XRP Breaks Out and Sustains Above Key Support Level
XRP’s recent price action shows a clean breakout above the $2.00 level, now functioning as a solid support zone. The structure on the monthly chart aligns with a long-term bullish reversal. The price has reclaimed the former resistance level and is now confirming it as support, strengthening the bullish narrative.
Crypto analyst CryptoPatel highlighted that XRP is exhibiting a breakout-retest formation. This technical setup often indicates the early phase of a macro uptrend. The monthly close above $2.00 offers strong evidence that the asset is positioned for continued gains, with $3.28 marked as the next technical target.
The trendline that dates back nearly a decade continues to hold, further validating the long-term structure. Volume data supports accumulation activity rather than distribution, implying consistent investor interest. Should XRP sustain current levels, larger price expansion to $10 becomes a possibility, given current technical conditions.
On-Chain Data and Derivatives Show Market Confidence
The broader sentiment surrounding XRP is also reflected in its derivatives and on-chain data. According to Brett_Crypto_X, data from Coinglass reveals a 14.42% increase in XRP futures open interest, now totaling $5.29 billion. Additionally, options trading volume has surged by 76%, signaling growing expectations of upward price movement.
Such a spike in derivatives activity suggests that traders are positioning themselves for further upside. Increased open interest, combined with rising volume, indicates strong market participation and confidence in continued price appreciation.
This market behavior is being supported by the coin’s structural setup and broader bullish sentiment. While short-term consolidation may occur near $2.60–$3.00, the technical and market indicators align with a continuation of the uptrend, should current support levels hold.
XRP Network Expansion Supports Long-Term Growth
The number of XRP holders is also on the rise, contributing to the growing strength of the asset’s fundamentals. According to @coinbureau, XRP is nearing a milestone of 6.5 million holders for the first time in its 12-year history.
Since January 2025, more than 638,000 new non-empty wallets have joined the network, marking an 11% increase in wallet count. This expansion highlights increasing adoption and growing interest in the XRP ecosystem.
The steady rise in wallet numbers, combined with strong technical and derivatives market signals, supports XRP’s positioning for sustained growth. If the asset holds above current levels, a move toward $3.28 and beyond remains technically viable.
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