Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update – Crypto News – Crypto News
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Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update – Crypto News

Published

1 year ago

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Why Is XRP Price Up 4% Despite Crypto Market Correction?

Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.

Paul Atkins Signals Softer Crypto Regulation, XRP Traders React Positively

Ripple (XRP) gained 1.5% Tuesday to trade near $2.47 after hitting intra-day highs of $2.59, marking a rebound from Monday’s decline. The dip followed a suspension of the US GENIUS act, under congressional scrutiny of potential conflicts of interest involving Ripple-affiliated entities and Donald Trump’s crypto reserve executive order.

Concerns had centered around Dubai-based USD1’s explosive $2 billion valuation, in which Trump-linked investors allegedly held undisclosed stakes.

Ripple’s lobbying ties to the executive order had cast further uncertainty over XRP’s regulatory status, just days after it secured a $50 million final settlement in it long-running case against the US SEC.

Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko
Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko

However, Tuesday’s speech by SEC Chair Paul Atkins, appointed under Trump, sparked a positive shift in market sentiment.

Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation, suggesting a lighter compliance burden for compliant firms. Traders responded with renewed optimism, driving XRP’s recovery from a $2.35 low.

The signal of softer regulatory stance from the Trump’s newly appointed SEC chair,  helped restore confidence among retail and institutional holders alike.

XRP Open Interest Hits $5.5 Billion, Bolstering Bullish Thesis

According to Coinglass data, XRP’s open interest surged 2.7% to $5.49 billion Tuesday, signaling traders are re-entering leveraged positions in anticipation of upward price action.

The increase aligns closely with the spot price rebound, reinforcing the view that capital is rotating back into XRP.

Despite a 43.76% drop in daily derivatives volume to $10.71 billion, the rise in open interest suggests fresh capital inflows despite replacing recent liquidations.

Ripple (XRP) Derivatives Market | Source: Coingecko
Ripple (XRP) Derivatives Market | Source: Coingecko

Notably, Binance’s top trader long/short ratio hit 3.00, while the broader long/short ratio (accounts) on OKX reached 2.13, both strongly favouring longs.

Options volume also declined 51.15% to just $2,220, and options open interest dropped 4.45% to under $1 million, perpetual and futures markets remain highly active.

Traders are clearly rotating out of shorter-dated, hedged plays and into more directional long bets.

Across major exchanges like Binance and OKX, long/short ratios among both average and top traders consistently exceed 2.0, a rare alignment that signals shared directional confidence in upside expectations.

What’s Next?

If open interest continues rising alongside positive regulatory messaging, XRP could retest $2.70 near-term resistance. Expectations of softer regulations under Paul Atkins and ETF altcoin verdicts expected in June, could propel a run toward $3.00.

XRP Price Forecast Today: Eyes on $2.70 as Momentum Builds Above Key Averages

XRP continues to demonstrate a strong technical setup as bullish sentiment strengthens above key moving averages and volatility bands.

Currently trading at $2.5664, XRP has broken above all three simple moving averages (SMA 50 at $2.2359, SMA 100 at $2.2320, and SMA 150 at $2.1709), a structure that signals a clear bullish shift in trend direction.

XRP Price Forecast Today
XRP Price Forecast Today

More so, Ripple price is currently holding comfortably above the midline of the Keltner Channel (KC) at $2.3614 and is approaching the upper band at $2.5718, suggesting a breakout continuation may be imminent.

The bullish body candles forming above the KC midline reinforce upward momentum, supported by a rising BBP (Bollinger Band %B) indicator, which currently reads 0.2885.

Based on these key indicators, XRP price forecast today points to a short-term target of $2.70, contingent on the ability to close decisively above the KC upper band resistance.

However, should XRP fail to sustain above $2.57, a temporary retracement toward the 50-SMA near $2.23 cannot be ruled out.

The post Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update appeared first on CoinGape.

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Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update – Crypto News

Published

1 year ago

on

Why Is XRP Price Up 4% Despite Crypto Market Correction?

Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.

Paul Atkins Signals Softer Crypto Regulation, XRP Traders React Positively

Ripple (XRP) gained 1.5% Tuesday to trade near $2.47 after hitting intra-day highs of $2.59, marking a rebound from Monday’s decline. The dip followed a suspension of the US GENIUS act, under congressional scrutiny of potential conflicts of interest involving Ripple-affiliated entities and Donald Trump’s crypto reserve executive order.

Concerns had centered around Dubai-based USD1’s explosive $2 billion valuation, in which Trump-linked investors allegedly held undisclosed stakes.

Ripple’s lobbying ties to the executive order had cast further uncertainty over XRP’s regulatory status, just days after it secured a $50 million final settlement in it long-running case against the US SEC.

Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko
Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko

However, Tuesday’s speech by SEC Chair Paul Atkins, appointed under Trump, sparked a positive shift in market sentiment.

Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation, suggesting a lighter compliance burden for compliant firms. Traders responded with renewed optimism, driving XRP’s recovery from a $2.35 low.

The signal of softer regulatory stance from the Trump’s newly appointed SEC chair,  helped restore confidence among retail and institutional holders alike.

XRP Open Interest Hits $5.5 Billion, Bolstering Bullish Thesis

According to Coinglass data, XRP’s open interest surged 2.7% to $5.49 billion Tuesday, signaling traders are re-entering leveraged positions in anticipation of upward price action.

The increase aligns closely with the spot price rebound, reinforcing the view that capital is rotating back into XRP.

Despite a 43.76% drop in daily derivatives volume to $10.71 billion, the rise in open interest suggests fresh capital inflows despite replacing recent liquidations.

Ripple (XRP) Derivatives Market | Source: Coingecko
Ripple (XRP) Derivatives Market | Source: Coingecko

Notably, Binance’s top trader long/short ratio hit 3.00, while the broader long/short ratio (accounts) on OKX reached 2.13, both strongly favouring longs.

Options volume also declined 51.15% to just $2,220, and options open interest dropped 4.45% to under $1 million, perpetual and futures markets remain highly active.

Traders are clearly rotating out of shorter-dated, hedged plays and into more directional long bets.

Across major exchanges like Binance and OKX, long/short ratios among both average and top traders consistently exceed 2.0, a rare alignment that signals shared directional confidence in upside expectations.

What’s Next?

If open interest continues rising alongside positive regulatory messaging, XRP could retest $2.70 near-term resistance. Expectations of softer regulations under Paul Atkins and ETF altcoin verdicts expected in June, could propel a run toward $3.00.

XRP Price Forecast Today: Eyes on $2.70 as Momentum Builds Above Key Averages

XRP continues to demonstrate a strong technical setup as bullish sentiment strengthens above key moving averages and volatility bands.

Currently trading at $2.5664, XRP has broken above all three simple moving averages (SMA 50 at $2.2359, SMA 100 at $2.2320, and SMA 150 at $2.1709), a structure that signals a clear bullish shift in trend direction.

XRP Price Forecast Today
XRP Price Forecast Today

More so, Ripple price is currently holding comfortably above the midline of the Keltner Channel (KC) at $2.3614 and is approaching the upper band at $2.5718, suggesting a breakout continuation may be imminent.

The bullish body candles forming above the KC midline reinforce upward momentum, supported by a rising BBP (Bollinger Band %B) indicator, which currently reads 0.2885.

Based on these key indicators, XRP price forecast today points to a short-term target of $2.70, contingent on the ability to close decisively above the KC upper band resistance.

However, should XRP fail to sustain above $2.57, a temporary retracement toward the 50-SMA near $2.23 cannot be ruled out.

The post Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update appeared first on CoinGape.

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Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update – Crypto News

Published

1 year ago

on

Why Is XRP Price Up 4% Despite Crypto Market Correction?

Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.

Paul Atkins Signals Softer Crypto Regulation, XRP Traders React Positively

Ripple (XRP) gained 1.5% Tuesday to trade near $2.47 after hitting intra-day highs of $2.59, marking a rebound from Monday’s decline. The dip followed a suspension of the US GENIUS act, under congressional scrutiny of potential conflicts of interest involving Ripple-affiliated entities and Donald Trump’s crypto reserve executive order.

Concerns had centered around Dubai-based USD1’s explosive $2 billion valuation, in which Trump-linked investors allegedly held undisclosed stakes.

Ripple’s lobbying ties to the executive order had cast further uncertainty over XRP’s regulatory status, just days after it secured a $50 million final settlement in it long-running case against the US SEC.

Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko
Ripple (XRP) Price Action, May 13, 2025 | Source: Coingecko

However, Tuesday’s speech by SEC Chair Paul Atkins, appointed under Trump, sparked a positive shift in market sentiment.

Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation, suggesting a lighter compliance burden for compliant firms. Traders responded with renewed optimism, driving XRP’s recovery from a $2.35 low.

The signal of softer regulatory stance from the Trump’s newly appointed SEC chair,  helped restore confidence among retail and institutional holders alike.

XRP Open Interest Hits $5.5 Billion, Bolstering Bullish Thesis

According to Coinglass data, XRP’s open interest surged 2.7% to $5.49 billion Tuesday, signaling traders are re-entering leveraged positions in anticipation of upward price action.

The increase aligns closely with the spot price rebound, reinforcing the view that capital is rotating back into XRP.

Despite a 43.76% drop in daily derivatives volume to $10.71 billion, the rise in open interest suggests fresh capital inflows despite replacing recent liquidations.

Ripple (XRP) Derivatives Market | Source: Coingecko
Ripple (XRP) Derivatives Market | Source: Coingecko

Notably, Binance’s top trader long/short ratio hit 3.00, while the broader long/short ratio (accounts) on OKX reached 2.13, both strongly favouring longs.

Options volume also declined 51.15% to just $2,220, and options open interest dropped 4.45% to under $1 million, perpetual and futures markets remain highly active.

Traders are clearly rotating out of shorter-dated, hedged plays and into more directional long bets.

Across major exchanges like Binance and OKX, long/short ratios among both average and top traders consistently exceed 2.0, a rare alignment that signals shared directional confidence in upside expectations.

What’s Next?

If open interest continues rising alongside positive regulatory messaging, XRP could retest $2.70 near-term resistance. Expectations of softer regulations under Paul Atkins and ETF altcoin verdicts expected in June, could propel a run toward $3.00.

XRP Price Forecast Today: Eyes on $2.70 as Momentum Builds Above Key Averages

XRP continues to demonstrate a strong technical setup as bullish sentiment strengthens above key moving averages and volatility bands.

Currently trading at $2.5664, XRP has broken above all three simple moving averages (SMA 50 at $2.2359, SMA 100 at $2.2320, and SMA 150 at $2.1709), a structure that signals a clear bullish shift in trend direction.

XRP Price Forecast Today
XRP Price Forecast Today

More so, Ripple price is currently holding comfortably above the midline of the Keltner Channel (KC) at $2.3614 and is approaching the upper band at $2.5718, suggesting a breakout continuation may be imminent.

The bullish body candles forming above the KC midline reinforce upward momentum, supported by a rising BBP (Bollinger Band %B) indicator, which currently reads 0.2885.

Based on these key indicators, XRP price forecast today points to a short-term target of $2.70, contingent on the ability to close decisively above the KC upper band resistance.

However, should XRP fail to sustain above $2.57, a temporary retracement toward the 50-SMA near $2.23 cannot be ruled out.

The post Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update appeared first on CoinGape.

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