XRP price looks set for a bullish continuation as institutional flows in CME XRP futures hit a record $1.27 billion and spot support holds at $2.90. Rising open interest and a $2.80 supply floor suggest growing buy-side conviction and a potential push toward $3.70 if support remains intact.
XRP defending $2.90 after three tests — strong short-term support.
Record CME Open Interest of $1.27B with a $150M daily jump signals fresh institutional positioning.
Large supply cluster at $2.80 (≈1.8B tokens) and muted profit-taking support a bullish outlook.
XRP price outlook: CME open interest spikes to $1.27B while $2.90 support holds — track OI and supply at $2.80 for a potential move to $3.70. Read more.
What is driving the current XRP price momentum?
XRP price momentum is driven by rising institutional positioning in CME XRP futures and resilient spot support at $2.90. Short-term strength is reinforced by a $2.80 supply floor and muted profit-taking, creating a setup where expanding open interest can fuel a move toward $3.70 if cost-basis support holds.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
CME Open Interest (OI) measures institutional exposure and often precedes stronger price swings. A record $1.27 billion OI, including a >$150 million single-day increase, signals renewed institutional bets on XRP. When OI expands alongside stable spot support, the market typically sees sustained upward pressure.
Institutional activity in XRP futures is climbing rapidly. Historically, spikes in CME OI have aligned with bullish setups, and current readings reflect heightened positioning.
As of writing, CME OI reached $1.27 billion, up roughly $150 million from the previous day. This jump denotes fresh large-scale entries rather than retail-driven momentum, increasing the probability of a pronounced directional move if spot support remains intact.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/xrp-may-eye-3-70-run-after-holding-2-90-support-as-cme-open-interest-tops-1-27b/