XRP Open Interest Explodes To January ATH Levels, Will Price Follow Above $3?

XRP's open interest, which reflects the total value of outstanding XRP futures contracts, has surged to levels not seen since January 2025, reaching approximately $8 billion. This increase is happening as XRP's price attempts to establish $3 as a support level. A similar rise in open interest earlier in the year was followed by a price increase. Trading volume for XRP also saw a significant spike, increasing by 200% on July 12 to $35 billion. South Korean exchange Upbit is showing strong buying activity with positive net flows, contrasting with negative net flows on larger exchanges like Binance and Coinbase.