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The price of XRP has recently surpassed BNB, making it the fourth largest cryptocurrency by market capitalization. The price exceeded $1.50 amid a 125% increase in trading volume. The total market capitalization reached $93.4 billion.
Futures open interest on Binance has risen by 59% since October, with traders actively re-leveraging. Open interest is approaching the same critical zone that preceded the last significant downturn.
Xrp (XRP)24h7d30d1yAll time
XRP remains 58% below its peak in 2025. However, the rapid increase in open interest indicates that informed investors are positioning themselves for a prolonged movement rather than a brief profit opportunity.
Surge in Open Interest Indicates Strong Leveraged Confidence
According to Coinglass, XRP’s open interest on Binance stands at 353.49 million XRP as of March 17, up from 222.79 million in October. This represents a notable increase.
What makes this situation intriguing is that the price has yet to reclaim its October highs, yet open interest is already on the rise. This divergence suggests that new long positions are entering the market. Traders are not merely waiting for a recovery; they are anticipating one.
Source: Coinglass
XRP trading volume reached $3.22 billion during the BNB flip, significantly exceeding that of its competitor.
Large wallets are currently accumulating across major assets. This positioning appears to reflect a belief in sustained momentum rather than a temporary rebound.
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Can XRP Maintain the $1.50 Breakout? Important Levels to Monitor
XRP is currently trading at $1.53 after breaking through $1.40 on high volume. It is now testing the $1.50 to $1.60 range, which has previously hindered rallies multiple times.
In a bullish scenario: if it holds above $1.53 at the daily close, the breakout will be confirmed. The next target would be $1.90, provided that volume remains high enough to accommodate profit-taking.
In a bearish scenario: if it falls below $1.50, the price could retrace to $1.35. The RSI is rising quickly, and a rejection at this level could lead to a liquidation of late long positions that pursued the breakout.
Now, addressing the structural concern.
Open interest is at 353 million XRP and is approaching 400 million. This specific level was the ceiling in September 2025, just before XRP plummeted from $3.65 to below $2. The key difference this time is that the price remains 58% below those previous highs, indicating more leverage per dollar of market cap. This creates a precarious situation.
A minor spot correction could trigger a wave of liquidations. Institutional ETF demand offers some support, but the high leverage density renders the market vulnerable.
Monitor Binance funding rates over the next 48 hours. If rates spike while the price stalls at $1.55, a flush may occur. Conversely, if the price continues to rise with stable open interest, $1.80 could become attainable.
The setup is highly volatile in both directions.
The post XRP Price Flips BNB as Open Interest Rebuilds Toward Pre-Crash Levels appeared first on Cryptonews.
