XRP has regained the $1.50 level as market activity accelerates and is starting to gain bullish momentum after weeks of consolidation. The upward move suggests that buyers are regaining control, and investors are closely watching whether XRP can maintain this breakout and establish a stronger uptrend.

In addition to price action, derivatives data reveals a clear shift in market behavior. According to a recent CryptoQuant reportmany indicators are currently signaling levels of activity not seen in weeks, pointing to a renewed wave of participation in the XRP markets.

In particular, the open interest delta on many exchanges is showing clear signs of expansion. This indicator tracks the net change in the total number of open contracts on major derivatives platforms over a given period, offering insight into traders’ positioning.

A positive Open Interest Delta indicates that fresh positions are being opened, reflecting increasing participation and capital inflow into the market. Conversely, a negative reading suggests that investors are closing their positions, which typically signals reduced activity or risk-limiting behavior.

The latest data shows a steady boost in the number of open trades, suggesting that investors are actively entering the market rather than exiting it. For analysts, this change often signals growing confidence and growing interest in speculation, which could support stronger price movements if accompanied by continued demand and favorable market structure.

Increased interest in open assets and liquidations are driving the momentum of XRP’s breakout

CryptoQuant report provides a broader perspective by tracking the open interest delta across six major derivatives exchanges, offering a comprehensive view of how investors are positioning themselves on XRP. The data reveals two distinct waves of position building that preceded the recent breakout.

Open interest increased by approximately $16 million on March 13, followed by a second boost on March 16 when an additional $18 million in open interest was opened. This sequence is structurally significant because it shows that investors were actively building exposure before XRP broke above $1.50, marking the asset’s first return to this price zone since February 15.

At the same time, liquidation data highlights the impact of this positioning. XRP’s move above $1.50 forced significant liquidation of compact positions, proving that the breakout caught many traders by surprise.

The previous boost in open offers played a key role in this vigorous. Higher leverage in the market meant that when the price moved against compact positions, forced liquidations accelerated that movement, increasing momentum and volatility.

This combination of pre-breakout positioning and post-breakout liquidation suggests that derivatives activity amplified XRP’s growth beyond spot demand, creating a feedback loop that intensified price action.

XRP recovers to $1.50 but faces structural resistance

The 3-day chart of XRP shows that the asset is trying to stabilize after a long-term downtrend that began in tardy 2025. XRP is currently trading around $1.51 after recently recovering from the $1.50 level, which currently represents a key short-term price reversal.

The broader structure remains corrective. XRP continues to trade below the 50-, 100- and 200-period moving averages, all of which are trending lower. The current market setup reflects continued pressure as sellers often face rising prices with ample supply at higher levels.

However, the recent rebound from the $1.10-$1.20 area is significant from a technical perspective. A capitulation bottom was recorded in this zone, supported by a noticeable boost in volumes, suggesting powerful buyer absorption. Since then, XRP has formed a base between $1.30 and $1.45, gradually gaining momentum before pushing higher.

A recovery of $1.50 indicates improved sentiment, but these assets are currently facing immediate resistance near $1.70, followed by a stronger barrier near $2.00 where previous consolidation and moving averages converge.

Volume remains moderate during the recovery, signaling that the move is still growing and not being driven by aggressive inflows.

Featured image from ChatGPT, chart from TradingView.com