Key Insights:
- XRP consolidates between $2.26 and $3.32, with breakout potential toward $8.29, $13.39, and $26.63.
- CME surpasses Binance, leading the XRP futures market with $1.14 billion in open interest.
- Profit realization from early investors signals a market consolidation phase, preparing for upward movement.
XRP has shown promising signs of growth as it holds above the 0.886 Fibonacci level, signaling bullish potential. XRP has formed a solid base above this critical level, potentially setting the stage for a breakout to higher price levels.
XRP Price Action and Fibonacci Projection
According to matthughes13, XRP’s current price structure is showing strength. The digital asset is consolidating between $2.26 and its 2018 all-time high of $3.32. This consolidation is viewed as a solid foundation for a potential breakout. Hughes projects that if the price maintains its current trend, XRP could target Fibonacci extension levels at $8.29 (1.272), $13.39 (1.414), and even reach $26.63 (1.618).
However, a retracement toward lower Fibonacci levels is also possible, with support zones identified at $1.61 and $1.21. These levels correspond to the 0.786 and 0.702 Fibonacci retracements, providing critical support before any further upward movement. As of press time, the live XRP price stands at $2.57, with a 24-hour trading volume of $10.63 billion.
CME Overtakes Binance in XRP Futures Market
However, the XRP futures market is witnessing a shift toward institutional dominance, with CME Group surpassing Binance as the leading platform for XRP futures. Data from CoinGlass shows that CME’s open interest in XRP futures now stands at $1.14 billion, ahead of Binance’s $609.51 million.
This shift marks an increase in institutional participation in crypto derivatives, with CME seen as a preferred platform for regulated investors. As institutions continue to enter the crypto space, the rise of CME could establish a new standard for traditional finance in digital asset markets. Analysts believe this growing interest could pave the way for more institutional products targeting XRP.
XRP Profit Realization and Market Dynamics
Moreover, XRP investors who purchased below $1 have realized substantial profits as the price has surpassed $2. The profit-taking events in December 2024 and July 2025 resulted in realized earnings of nearly $400 million, which contributed to a slowdown in XRP’s upward momentum.
The sell-off during these periods has reduced some of the bullish pressure on the market. Profit-taking activity has since eased, signaling a phase of market consolidation. The slowing profit realization suggests that the market may be preparing for a new move upward after this period of consolidation.
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