- XRP futures trading volume soared to $3.96 billion in 24 hours, signaling surging trader interest.
- Open interest jumped 5%, adding $550M in new positions; Binance led with $1.21B in volume.
- The Ripple token eyes the key $2.14 breakout level, with bullish forecasts targeting $27 by 2026.
XRP has staged a powerful comeback, grabbing the attention of traders across the crypto market. According to crypto researcher Ripple Van Winkle, XRP futures trading volume skyrocketed to an impressive $3.96 billion within just 24 hours. This sharp spike in activity comes as most altcoins continue to trade sideways, leaving the Ripple token as one of the few strong performers in a largely stagnant market.
The recent surge in XRP interest centers around a key resistance level at $2.14. As XRP’s price approached this crucial threshold, traders piled into the derivatives market. The rush pushed both the funding rate and open interest higher. A positive funding rate now indicates that more traders expect the token’s price to climb, with long positions paying premiums to short sellers.
XRP Futures Jump $550M, $27 Target Ahead
In only a day, the token open interest jumped 5%, adding $550 million in new futures positions. This influx of capital signals growing investor confidence and sets the stage for heightened volatility. Binance led the way, processing 30.58% of XRP futures volume, which translated to $1.21 billion. Bybit followed with $793 million, and OKX handled $520 million.
While technical factors have fueled this rally, fundamentals are also playing a critical role. Ripple’s ongoing global expansion continues to boost sentiment. In addition, there is growing optimism surrounding potential regulatory clarity in the United States, which could serve as a catalyst for the Ripple coin’s long-term growth.
Currently, the coin remains below the $3 mark. However, popular crypto analyst Egrag Crypto sees significant upside potential. According to his analysis, the token may be on the verge of a historic breakout. Egrag predicts that the token could surge as high as $27 within the next two years.
He bases his projection on a repeating fractal pattern that mirrors XRP’s massive 2017 rally. If history repeats, the Ripple token could reach double-digit prices before 2026.
Source: X
XRP Targets $2.14 Breakout After Futures Surge
The analyst has outlined a detailed roadmap for XRP’s path forward. With over six months remaining in 2025, Egrag believes the Ripple token still has time to build momentum. His charts suggest the altcoin may soon follow a familiar trajectory toward this ambitious price target.
The explosion in futures volume isn’t just a short-term phenomenon. It reflects renewed trader confidence and growing market interest. If XRP can successfully break above the $2.14 resistance level, it could trigger the next major leg upward. Many traders are closely watching this price zone as a decisive turning point.
With strong technical indicators, bullish long-term forecasts, and growing investor enthusiasm, the token’s comeback story is gaining strength. All eyes are now on the $2.14 mark, where the next chapter of this rally could begin.