XRP — Is the Breakout FINALLY About To Happen?
The preparations are definitely underway. XRP is inching closer to a big move. But is it finally about to break the long-term resistance? This post reveals a key insight that says yes.
Before we discuss what's coming, let's quickly assess the current situation (in case you missed it).
XRP has been stuck in a long-term downtrend for what feels like forever. Multiple attempts to break out—none have succeeded. Currently, XRP is approaching the downtrend line again, closing in on a triangle formed by the resistance and a support level.
So far, so familiar.
But here's something new behind the scenes: While volume has decreased and the price remains stable, open interest (OI) has surged in the last few days (+7%). In fact, XRP is one of a few tokens that show this setup.
What does this mean?
Traders are most likely quietly building positions, preparing for a move. OI growth often signals that something big is brewing—it typically precedes a significant breakout.
So, will the breakout be real this time?
It's XRP, so it's hard to say.
XRP's price might seem quiet, consolidating below resistance, but the rising OI tells a different story. This kind of setup often comes before a major breakout.
OI doesn't tell us the direction (long or short). It just signals that a big move is coming. Here's what to watch for:
- Bullish Scenario: If XRP breaks above $0.62 with a surge in volume, the rising OI could fuel a larger rally, pushing past the long-term trendline.
- Bearish Scenario: If XRP gets rejected again, we could revisit $0.52 or even $0.45—but with OI building, that seems less likely.
Final Thought
The OI buildup and stable price action suggest that the breakout could be real this time. The volume will be the final piece of the puzzle. Watch closely—XRP might be ready to break its downtrend.
