XRP Futures Hit $3.96B in 24 Hours as Bulls Target Breakout Above $2.14

Sean Williams
XRP

Key Takeaways:

  • XRP futures trading volume surged to $3.96 billion in 24 hours, signaling renewed market interest and bullish momentum as the token approaches the critical $2.14 resistance level.
  • Analysts predict XRP could climb as high as $27 within two years, driven by technical patterns, Ripple’s global expansion, and optimism around potential U.S. regulatory clarity.

XRP has staged an impressive comeback, drawing the spotlight from crypto traders amid a sluggish altcoin market. According to crypto researcher Ripple Van Winkle, XRP futures trading volume surged to a staggering $3.96 billion within just 24 hours, marking a standout performance as many altcoins remain trapped in sideways trends.

The catalyst behind this surge? A key resistance level at $2.14. As XRP’s price closed in on this critical threshold, traders piled into the derivatives market, pushing both funding rates and open interest higher. A positive funding rate now signals growing bullish sentiment, with long positions paying premiums to shorts.

XRP Futures Add $550M in a Day, $27 Price Target in Focus

In a remarkable show of confidence, XRP’s open interest jumped by 5% in a single day—adding $550 million in new futures positions. Binance led the charge, handling 30.58% of total XRP futures volume, translating to $1.21 billion. Bybit and OKX followed, processing $793 million and $520 million, respectively.

While technical momentum is clearly driving short-term gains, strong fundamentals are also fueling the rally. Ripple’s continued global expansion and rising optimism around potential regulatory clarity in the U.S. are boosting long-term sentiment toward the token.

Currently trading below $3, XRP could be poised for much bigger moves. Well-known analyst Egrag Crypto believes the token may soon break out. Using fractal analysis based on XRP’s legendary 2017 rally, Egrag predicts that the token could skyrocket to $27 within two years—should history repeat itself.

Also Read: Ripple Lawyer Denies US Plans to Seize XRP Escrow

All Eyes on $2.14 as XRP’s Comeback Gains Strength

Egrag’s roadmap suggests XRP still has time in 2025 to build the necessary momentum. His charts point to the $2.14 level as the next major battleground. If the token can break above this resistance, traders believe it could unlock the next phase of bullish price action.

The surge in futures volume reflects more than short-term speculation—it signals renewed confidence and deepening market interest. With strong technical indicators, a bullish long-term outlook, and a groundswell of trader enthusiasm, XRP’s comeback story is gaining traction.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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