Quick overview

Live XRP/USD Chart

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XRP has been in a difficult situation for a few weeks following a painful crash on October 10, which was nearly repeated a week later.  However, Ripple’s native token has gained some ground and is currently trading near $2.4, up 4% for the day. Santiment provided data indicating that the token’s long-term trends remain favorable as the number of mid- to large stakeholders continues to grow.

 

Specifically, the analytics resource reported that wallets holding at least 10,000 tokens reached a new all-time high of 317.5K. CoinGlass reports that, despite the price increase, the open interest in derivatives decreased by 526 percent to roughly $350 billion.

This countertrend suggests that even with a resurgence of buying pressure, traders may still exercise caution. After a week of consolidation, during which XRP repeatedly tested the $1 level, the latest price movement occurred. The recent spike indicates renewed interest in the token and places it among the day’s top gainers.

Conversely, the decline in open interest suggests that many derivatives market participants have not yet regained confidence. Active futures and perpetual contracts are measured by open interest; thus, a decrease in this indicator as the price rises often signals reduced speculative activity or traders liquidating older positions. Additionally, the market appears to be recovering from the heavy losses seen earlier.

Meanwhile, according to Ripple Van Winkle, most market participants have not noticed any significant development in XRP. His recent post and video analysis claim that XRP has duplicated a technical pattern identical to the one that induced its most recent 600 percent surge.

He suggested that XRP might soon enter a phase that will realign market dynamics while many traders focus on Bitcoin’s dominance and short-term volatility.

Ripple Van Winkle argued that the recent correction in major cryptocurrencies, especially Bitcoin’s steep decline from its recent highs, is part of a larger, engineered pattern.

He pointed to ongoing liquidations on Binance, claiming these are rerouting liquidity from Bitcoin into altcoins, particularly utility-driven assets like XRP, and liquidating leveraged positions. According to him, institutional money has historically shifted from Bitcoin at its peak into pro during previous cycles.