$XRP A Binance, a major player in XRP futures, saw its Open Interest jump from around $544.4 million on March 11, 2025, to nearly $2 billion in just four months. This reflects a broader trend where large exchanges, including Bitmex, Coinbase, OKX, and Hyperliquid, are witnessing the opening of multiple positions worth hundreds of millions of dollars by traders betting on the next move of XRP.

The correlation between Open Interest and price action often serves as a crucial signal in the derivatives market. Typically, when OI rises alongside price, it suggests strong bullish momentum backed by real capital. Conversely, an increase in OI without a corresponding rise in price can raise concerns about potential leverage traps or imminent liquidations. In the case of XRP, both Open Interest and price appear to be rising, indicating sustained confidence in the market and the possibility of an even stronger bullish trend.

The price of XRP is targeting higher levels in this bull cycle, as cryptocurrency analyst Armando Pantoja predicted three appreciation targets for the altcoin in 2025. Firstly, the analyst announced that XRP officially entered price discovery territory after breaking the resistance level of $2.98. This breakout now marks the possible beginning of another bullish phase, with XRP expected to reach an immediate target of $4 soon. Pantoja's projections also extend to a bullish target of $6.37 and even $8.12 before the end of 2025. These targets are based on Fibonacci Extension levels and historical cycle patterns, indicating that XRP may still be in the early stages of a larger breakout.