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XRP Holds $3 as CME XRP Futures Open Interest Tops $1 Billion

Rising institutional flows contrast with repeated failures at $3.05–$3.10, leaving a neutral setup into the next move.

Overview

  • XRP hovers near $3.00 with buyers defending roughly $2.85–$2.90 as sellers cap rallies at $3.05–$3.10, according to Kraken-fed analyses.
  • CME Group says its XRP futures surpassed $1 billion in open interest in just over three months, the fastest pace for any crypto contract, which has prompted ETF talk that remains speculative.
  • Short‑term momentum is soft, with NewsBTC citing an hourly MACD losing pace and RSI below 50 as price struggles to clear $3.08–$3.10.
  • Analyst Ali Martinez flags risk of a pullback toward about $2.83 if support gives way, whereas a confirmed break above $3.10 could open $3.30–$3.40.
  • CasiTrades outlines a conditional Elliott Waveo scenario targeting above $5.3 if $2.90 holds, while Cryptoinsightuk points to a daily close over $3.14 as a setup for a run toward $3.40.