XRP surpasses BNB as open interest approaches levels seen before the market decline.

The token has surpassed the $1.50 resistance level on a 125% increase in volume, elevating its market capitalization to $93.4 billion. Open interest in Binance futures has risen 59% since October, even though the price remains 58% lower than its peak.

Key points:

• XRP has risen 11% in the last week to $1.53, regaining the fourth position in market capitalization with an estimated value of $93.4 billion, while surpassing resistance around $1.40.
• Open interest in XRP futures on Binance has increased by 59% since late October, reaching approximately 353 million XRP, despite the token being 37% below its previous level, indicating that traders are adding leverage to the rally instead of reducing positions.
• Although the current open interest is still below the peak observed before the crash in October, the accumulation of leveraged positions as XRP approaches the $1.50 to $1.60 range suggests a stronger structural foundation, but also an increasing risk if the breakout does not succeed.

XRP has just regained a position it has not held for several weeks, and the derivatives market indicates that traders are preparing for further movements.

The token rose to $1.53 on Tuesday, reflecting an 11% increase over the week, surpassing BNB to position itself as the fourth-largest cryptocurrency by market capitalization at $93.4 billion. This movement broke through the resistance at $1.40, according to CoinDesk analytics, with trading volume surging by 125% to $3.22 billion.

Data from Coinglass reveals that XRP open interest on Binance has reached 353.49 million XRP as of March 17, up from 222.79 million on October 24, 2025, when XRP was priced at $2.39. This represents a 59% rise in open interest, while the price is 37% lower. New leveraged positions are being established during this recovery phase rather than unwinding, indicating a fundamentally different situation compared to the deleveraging seen in January and February.

The Binance Open Interest chart illustrates the complete trajectory. Open interest peaked above 400 million XRP in September 2025, collapsed during the October crash that saw the price drop from $3.65 to below $2, and took the next four months to gradually rebuild.

The current figure of 353 million is nearing but has not yet matched the pre-crash levels, indicating that the market has the potential to add leverage before reaching the concentration that led to the previous downturn.

Traders are likely to observe if the $1.50-$1.60 range holds or turns into another unsuccessful breakout for a token that has experienced many such attempts since October. The increase in open interest coinciding with this movement provides it with more structural support than previous efforts, but XRP is approaching pre-crash leverage levels at 58% below the pre-crash price, creating a scenario that is viable until it is not.