The price of XRP just tipped BNB to become the fourth largest crypto by market capitalization. The price surpassed $1.50 following a 125% volume spike. The total market capitalization reached $93.4 billion.
Futures open interest on Binance has soared 59% since October. Traders reuse their leverage aggressively. OI is rebuilding toward the same danger zone that preceded the last major crash.
XRP is still 58% below its 2025 highs. But the speed of this open interest rebuild suggests that smart money is positioning itself for a sustained move, not just a quick scalp.
Rising Open Interest Signals Leveraged Conviction
Data from Coinglass places XRP open interest on Binance at 353.49 million XRP as of March 17. In October, it was 222.79 million. This is a significant reconstruction.
Here’s what makes it interesting. The price has yet to return to its October highs. But the IO is already booming. This divergence indicates the arrival of a new net long positioning in the market. Traders are not looking for a rally. They are at the forefront.
XRP trading reached $3.22 billion during the BNB reversal, significantly outpacing its rival.
Large portfolios are currently accumulating on top assets. The positioning is less like a dead cat bounce and more like a bet on sustained momentum.
Can XRP Price Maintain the $1.50 Breakout? Key levels to watch
XRP is trading at $1.53, after rising above $1.40 in high volume. It is currently testing the $1.50 to $1.60 zone. A range that has repeatedly killed previous rallies.
Bullish case: hold it above $1.53 at the daily close and the breakout is confirmed. The next target is $1.90 if volume remains high enough to absorb profit-taking.
Bear case: Lose $1.50 and the price falls back to $1.35. RSI heats up quickly. A rejection here chases away the last longs that chased the breakout.
Now the structural concern.
Open interest is 353 million XRP and climbing towards 400 million. This exact level was the September 2025 high just before XRP crashed from $3.65 to below $2. The difference this time is that the price is still 58% below those highs. More leverage per dollar of market capitalization. This is a powder keg configuration.
A small one-off correction could trigger cascading selloffs. Institutional demand for ETFs provides some floor. But the density of debt weakens the market.
Watch for Binance funding rates over the next 48 hours. Rates climb while the price stagnates at $1.55 and a color arrives. Price increases with stable OI and $1.80 opens.
The setup is explosive in both directions.
The article XRP Price Flips BNB as Open Interest Recovers Toward Pre-Crash Levels appeared first on Cryptonews.
