The XRP price falls to $ 2.54, but the open interest reaches $ 5.49 billion, indicating a bullish pressure

XRP has decreased slightly to USD 2.54 in the last 24 hours, but the increase in open interest indicates that traders can be preparing for a possible rebound.

According to derivative data, the open interest in XRP futures has increased to USD 5.51 billion, its highest level in three months, which suggests greater speculative activity and renewed upward pressure even when the price cools.

Open interest refers to the total number of active derivative contracts that have not yet been liquidated.

When it goes up with price fluctuations, or despite them, it usually indicates the entry of new capital into the market and an accumulation of leverage positions.

Despite the slight pricing, market participants seem to be positioning for a larger movement.

Fountain: Coinmarketcap

The MACD indicator shows a bullish configuration

The technical analysis further supports the case of a prolonged rally.

The MACD indicator (MACD) of mobile sock convergence, a widely followed tool to evaluate the market impulse, shows the XRP MACD line well above its signal line.

This type of crossing is considered a trigger bullish by many traders.

The positive configuration of the MACD suggests that buyers currently have control.

If the impulse continues to increase, XRP could attract more volume, increasing the probability of a price rupture above the current range.

That said, this scenario would only remain valid if the Token avoids falling below the key support levels.

The support in USD 2.50 is still crucial

XRP’s short -term perspectives will depend on their ability to maintain the support zone of 2.50 dollars.

A new successful test of this level could create sufficient purchase pressure to test the maximum of March of USD 2.71.

Such movement would further reinforce the upward trend, especially if the open interest and volume continue to increase.

However, if the price fails to stay above USD 2.50, there is a risk of a deeper setback.

The next significant support level is found in USD 2.29, which could act as a minimum price in case of an increase in sales pressure.

Traders change their approach to XRP derivatives

Although much of the cryptocurrency market in general remains moderate, the higher performance of XRP has displaced attention to its derivative market.

The strong increase in open interest reflects a renewed appetite for speculative positioning, especially among traders seeking to capitalize short -term price movements.

The rebound also arrives at a time when XRP has remained largely within the range for several weeks.

The recent rebound in derivatives may indicate a change in feeling, since institutional and retail investors seek exposure through leverage instruments.

As always, the sustainability of the rebound will depend on several external factors, including the broader feeling of the market, the regulatory developments around Ripple and the macroeconomic signals.

But with the increase in open interest and alcist technical patterns, XRP could continue to lead the profits, at least in the short term.