The interest open XRP at the moment could be a good pointer to know where the price could then be directed, as in the past. By looking at the interest opened today compared to the figures of 2024 before the rally, it remains quite high. Depending on the historical performance, high open interest could be enough lower for the price, leading to a possible price correction from here for XRP.
XRP open interest now vs. November 2024
According to Coringlass data, XRP open interest remains fairly high, above $ 3.3 billion when writing the editorial’s time. Although it is far from its high level of all time of $ 7.87 billion reached in January 2025, up to 3.35 billion current dollars. This means that the interest open XRP has dropped by around 50% since January, so about three months.
Compared to this, in November 2024, the interest open XRP was much lower. The data shows that it was still less than $ 1 billion, just $ 706 million when Altcoin was still in its consolidation trend that started in 2023.
This means that the interest opened is currently greater than 300% higher than it was before the November 2024 gathering. The thing about the open interest is that the lower, the higher the probability of a rally. Indeed, it does not require as much volume to increase the price if the interest open is low.
The current price is also greater than 300% higher in November 2024, showing a high correlation between open interest and price. At this stage, with the much higher XRP market capitalization, the opportunity of a gathering of 600% as what was observed in the fourth quarter of 2024 is less likely. However, there is always the possibility of a price increase, in particular with market experts requiring new heights of all time.
When will the price reach heights of all time?
With the current market feeling, it seems that the XRP price goes again above $ 3, but the top of all time of $ 3.8 is still 100%. Some analysts have come forward to say when they expect the price to erase new peaks, some were waiting for it as soon as possible.
A crypto analyst predicted that the XRP price should reach new heights of all time this year. Going a little further, it postulates that Altcoin should erase $ 10, and in the most extreme cases, it could exceed $ 25 by January 2026.
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