Ripple’s native digital asset, XRP, remains just above the $1.50 resistance level, as trading activity on major exchanges such as Binance and Coinbase signals sustained bullish momentum. The increase in leveraged trading participation has played a significant role in supporting this recent uptrend.
Open interest surges to new highs
Open interest (OI), a measure of unsettled derivative positions, has surged on Binance with a 1.3% increase for the month. This marks the highest monthly growth since August 2025. According to data from CryptoQuant, Binance’s XRP open interest climbed from roughly $210 million to $276.5 million over the last two weeks, representing an increase of about 32%.
Such an uptick in open interest is historically significant for XRP’s price movements. Earlier periods with comparable OI growth and negative cumulative delta readings have coincided with and often preceded bullish rallies.
| Period | Open Interest | Price Change |
|---|---|---|
| Current (June 2026) | $210M → $276.5M (+32%) | $1.50 resistance tested |
| April 2025 | Significant OI growth | $1.60 → $2.65 (+65%) |
| Late 2024 | Bearish OI setup | Reversed with upside |
In April 2025, for example, a period of negative funding and increased open interest preceded a sharp rally, with XRP climbing from $1.60 to $2.65, a gain of 65%.
Cumulative volume delta reflects bearish pressure
Another key indicator, the cumulative volume delta (CVD), has been deeply negative across major exchanges, with the value dropping from -$2.27 billion to -$2.7 billion. This metric points to ongoing dominance by sellers, even as prices edge upward.
Despite the seller pressure, analysts have noted that similar negative CVD conditions previously aligned with price rebounds in XRP. This pattern suggests that, while aggressive selling dominates, bullish participants are using these moments to accumulate positions in anticipation of a price breakout.
Mini dictionary: Cumulative Volume Delta (CVD), a technical indicator that measures the net flow of buy versus sell volume within a specific period to provide insights on the strength of market trends.
Futures markets: Bulls face high liquidations
In the derivatives market, XRP bulls continue to face elevated risk. Data from analytics platform CoinGlass show that within the recent period, liquidations among bulls amounted to $2.76 million, surpassing the $1.97 million in liquidated short positions.
The recent price rise above August lows has attracted both long and short traders. This uptick, however, has driven up the value of open positions, resulting in more notable liquidation figures for bullish investors. In spite of this, the prevailing bullish sentiment has not waned, and many observers point to the alignment of open interest growth and persistent seller dominance as potential catalysts for another major upside move.
XRP’s recent rally remains tethered to the $1.50 resistance, as historical data shows that similar surges in open interest and negative cumulative volume delta have preceded sharp price increases.
