XRP’s chart has been busy since Ripple’s latest courtroom victory over the SEC. That win gave the market a strong confidence boost, sparking the sharp rally we saw in early July.
From late May to mid-June, XRP was quiet, stuck between $2.00 and $2.40. Things shifted in early July when buyers stepped in aggressively, pushing the price into a steep climb. By July 15, XRP hit $3.66 – its highest point in months – before sellers took control and a correction began.
That pullback bottomed near $2.80 in early August. Since then, the bulls have fought back, lifting XRP to around $3.31 today. The short-term trend is leaning bullish, but there’s still work to do before the market can retest the $3.66 high.
What you'll learn 👉
Volume
The July rally was backed by strong volume spikes, showing genuine buying conviction after Ripple’s legal win.
Recently, volume has cooled – the latest 4-hour candle shows 3.64M trades, with predicted volume at 57.43M. That’s a sign there’s still interest in XRP, but traders are waiting for a clear breakout trigger before committing in larger size.
Open Interest – Detailed Look
Open interest (OI) is sitting at 338.04M, just shy of its recent high of 338.19M.
Here’s why that matters:
- During the July run to $3.66, OI climbed steadily alongside price, meaning traders were adding fresh long positions, not just closing shorts.
- When the correction hit in late July, OI dropped sharply. That showed a wave of position closures – some traders taking profits, others cutting losses.
- Over the past few days, OI has turned higher again. That’s a notable shift, as it suggests traders are stepping back in with new positions, possibly betting that Ripple’s legal clarity will continue to draw institutional and retail interest.
If OI keeps rising while price holds above $3.28, it could create the conditions for another leg higher.
Read also: How High Can XRP Price Rise in 2025 as Ripple and SEC Lawsuit Ends?
Short-Term XRP Price Prediction
- Bullish case: Hold $3.28 and push through $3.50 – likely retest of $3.66, with a breakout targeting $3.80+ if volume and OI both expand.
- Bearish case: Lose $3.28 support – drop toward $3.00, and if that fails, a retest of $2.80 becomes likely.
- Neutral case: Range between $3.28 and $3.50 until a fresh catalyst emerges, such as new institutional flows into XRP after the court ruling.
Key Levels to Watch
- Resistance: $3.50, $3.66
- Support: $3.28, $3.00, $2.80
Ripple’s legal win is still providing a tailwind for sentiment, but the market wants confirmation through sustained buying pressure. The next few days of OI and volume will tell us whether bulls are ready for another charge.
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