19.09.2025 05:39

According to various internet sources, XRP is exhibiting signs that point towards a potential breakout, as it persistently challenges the $3.18 resistance level while maintaining a firm support base around $2.97. The confluence of rising Open Interest and repeated tests of the channel's upper boundary suggest an increased likelihood of a move toward the $3.37–$3.60 range in the near future.

Of particular note is a substantial inflow of 16.48 million XRP to Coinbase, which analysts interpret as a signal of heightened short-term liquidity risk. Moreover, Open Interest has surged to $9.03 billion, indicating that traders are increasingly utilizing leveraged positions. Despite repeated resistance retests, the spot taker CVD reveals ongoing sell-side pressure.

Traders and analysts are closely monitoring the $3.18 resistance level and the rising Open Interest, and they suggest that a confirmed breakout, substantiated by significant trading volume, could signal a decisive move for XRP. The influx of a sizable amount of XRP into Coinbase, roughly valued at $50 million, is typically seen as an indicator of increased short-term liquidity on exchange order books. Historically, such large inflows have often preceded periods of volatility as holders seek to execute trades, and market risk is amplified when these inflows coincide with key resistance tests, making the short-term price trajectory highly susceptible to sell pressure.