The post XRP Price Today Drops Despite $3.96B Futures Volume Surge appeared first on Coinpedia Fintech News

XRP has made a strong comeback, with futures trading volume surging to a massive $3.96 billion in just 24 hours, according to crypto researcher Ripple Van Winkle. This sharp uptick in activity comes at a time when most altcoins remain sluggish, making XRP one of the few standout performers.

What’s Fueling the Spike?

The sudden excitement centers around XRP hitting a key resistance level at $2.14. As the price neared this technical threshold, traders in the derivatives market rushed in, pushing both the funding rate and open interest higher. A positive funding rate now indicates that more traders are betting on XRP’s price increasing, with long positions paying a premium to shorts.

Open Interest Soars, Binance Takes the Lead

In just 24 hours, XRP open interest jumped 5%, adding $550 million in new futures positions. This signals that more capital is flowing into XRP trades, likely setting the stage for greater volatility and bigger price moves. Binance led the charge, handling 30.58% of XRP futures volume, worth $1.21 billion. Bybit and OKX followed, contributing $793 million and $520 million, respectively.

While the technicals have triggered this rally, fundamental factors are also at play. Ripple’s ongoing global expansion and the growing buzz around potential regulatory clarity in the U.S. are helping boost market sentiment.

Also Read :   ChatGPT XRP Price Prediction: Big Surge Coming?   ,

XRP Price Prediction

Looking at the price momentum, XRP is currently priced below $3, but crypto analyst Egrag Crypto believes a major breakout could be on the horizon. According to his analysis, XRP might surge to as high as $27 within the next two years, marking a historic rally for the altcoin. Egrag points to a repeating fractal pattern from 2017 that seems to be forming again on the charts. If XRP follows this same trajectory, the double-digit price target could become a reality before 2026. With more than six months left in 2025, the analyst has laid out a clear roadmap showing how XRP could mirror its past cycle to reach this bullish milestone.

What It All Means

Moreover, this isn’t just short-term hype. The explosion in XRP futures volume is a clear signal of renewed trader confidence. XRP is showing signs of momentum, and if the token breaks above the $2.14 resistance, it could unlock the next major leg up.

Moreover, with strong technicals and rising investor confidence, XRP’s comeback is imminent. Traders are closely watching the $2.14 level.

---

Filed under: Bitcoin - @ June 21, 2025 5:20 am