![\"Why](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Why-Is-XRP-Price-Up-4-Despite-Crypto-Market-Correction.webp\")
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Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.<\/p>\n
Ripple (XRP) gained 1.5% Tuesday to trade near $2.47 after hitting intra-day highs of $2.59, marking a rebound from Monday\u2019s decline. The dip followed a suspension of the US GENIUS act<\/a>, under congressional scrutiny of potential conflicts of interest involving Ripple-affiliated entities and Donald Trump\u2019s crypto reserve executive order.<\/p>\n Concerns had centered around Dubai-based USD1<\/a>\u2019s explosive $2 billion valuation, in which Trump-linked investors allegedly held undisclosed stakes.<\/p>\n Ripple\u2019s lobbying ties to the executive order had cast further uncertainty over XRP\u2019s regulatory status, just days after it secured a $50 million final settlement<\/a> in it long-running case against the US SEC.<\/p>\n However, Tuesday\u2019s speech by SEC Chair Paul Atkins, appointed under Trump, sparked a positive shift in market sentiment.<\/p>\n Atkins emphasized a \u201ccollaborative, innovation-forward\u201d approach to crypto regulation, suggesting a lighter compliance burden for compliant firms. Traders responded with renewed optimism, driving XRP\u2019s recovery from a $2.35 low.<\/p>\n The signal of softer regulatory stance from the Trump\u2019s newly appointed SEC chair,\u00a0 helped restore confidence among retail and institutional holders alike.<\/p>\n According to Coinglass data<\/a>, XRP\u2019s open interest surged 2.7% to $5.49 billion Tuesday, signaling traders are re-entering leveraged positions in anticipation of upward price action.<\/p>\n The increase aligns closely with the spot price rebound, reinforcing the view that capital is rotating back into XRP.<\/p>\n 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.<\/p>\n Notably, Binance\u2019s top trader long\/short ratio hit 3.00, while the broader long\/short ratio (accounts) on OKX reached 2.13, both strongly favouring longs.<\/p>\n 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.<\/p>\n Traders are clearly rotating out of shorter-dated, hedged plays and into more directional long bets.<\/p>\n 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.<\/p>\n 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.<\/p>\n XRP continues to demonstrate a strong technical setup as bullish sentiment strengthens above key moving averages and volatility bands.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n However, should XRP fail to sustain above $2.57, a temporary retracement toward the 50-SMA near $2.23 cannot be ruled out.<\/p>\n The post Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins\u2019 Latest Update<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" 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\u2019s decline. The dip followed […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-391987","post","type-post","status-publish","format-standard","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391987"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391987\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Ripple](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-at-11.35.06-PM.png\")
XRP Open Interest Hits $5.5 Billion, Bolstering Bullish Thesis<\/h2>\n
![\"Ripple](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-at-11.22.45-PM.png\")
What\u2019s Next?<\/h2>\n
XRP Price Forecast Today: Eyes on $2.70 as Momentum Builds Above Key Averages<\/h2>\n
![\"XRP](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-at-11.34.18-PM.png\")