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XRP Tests $3.18 Resistance as Volume and Open Interest Surge After U.S. Spot ETF Launch

Neutral funding and a large Coinbase inflow signal balanced leverage but higher volatility risk as traders await a clear breakout.

Overview

  • XRP trades around $3.10 after a 24-hour rise, with reported spot volume jumping roughly 60–80% across datasets to more than $7 billion.
  • Price is repeatedly probing the $3.08–$3.18 band; a confirmed break could target $3.20–$3.37 initially and up to $3.60, with support seen near $2.97–$3.03.
  • Futures open interest is near $9–$9.1 billion, while funding rates around 0.01–0.02% suggest balanced long and short positioning.
  • A 16.48 million XRP transfer to Coinbase has drawn attention for potentially adding near-term sell liquidity and volatility.
  • New U.S. spot XRP ETFs began trading on Sept. 18, with the REX-Osprey fund reportedly topping $24 million in early volume, and some analysts project $6–$7 by mid-November as a speculative scenario contingent on sustained momentum.