XRP saw a significant spike in open interest, rising 12% within 24 hours while trading around $1.36. According to historical market data, when such a sharp move last happened on Binance, the price of XRP actually rallied shortly thereafter.
This is a signal that market participants may actually be positioning for a potential move. Bears could also be over-exposed at current levels, which could mean that even a small buying push could spark upward momentum.
Source: X
In the market buzz, more than $35 million in XRP was amassed in one hour. Most of this was on Coinbase, where one person bought 156 identical lots of 10,000 XRP, each spaced 18.5 seconds apart, for a total of 48 minutes.
According to analyst Dom, this was worth $23.4 million. Bitstamp and Kraken saw similar buying activity, implying a possible coordinated buying effort.
Source: X
Also Read: XRP Price Eyes $1.50 Retest as Resistance Holds
XRP seems to remain cautious technically despite the growing interest in the market. On March 27th, using TradingView figures for XRP/USDT’s daily chart, we can see that there is a general bearish trend that has been going on since the end of 2025.
After a big fall in early February, XRP initiated a minor recovery that is currently consolidating around $1.32-$1.34. The 20-day simple moving average is at $1.41, which is above the current price.
The upper Bollinger band is at $1.51, which acts as a resistance point, whereas the lower Bollinger band is at $1.30, which acts as a support point. The bands are narrowing, which implies low volatility, which could indicate a buildup for the next big move.
Source: TradingView
The RSI (14) is consistently in the 38-40 region, which implies bearish pressure, whereas the MACD line is heading towards zero, which implies the current upmove is losing strength.
XRP is currently stuck in a range of $1.30 to $1.50. This is a range where accumulation is occurring, and it is likely that this trend will continue. For a potential reversal, it must break above this range of $1.50 to $1.52, preferably on high trading volume.
If it goes below $1.30, it may continue to move lower, targeting a potential range of $1.15 to $1.20, where buying interest has been seen in the past.
If it goes above $1.41 to $1.45, it may indicate that it is trying to move higher, but for it to move significantly higher, it will need to rally to retest the mid-$1.50 range.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: XRP Price Holds Support as Virtune’s 4 ETN Launch Boosts Outlook
