- XRP price today trades near $2.50, rising 4.8% as traders react to renewed optimism following the U.S. government reopening.
- Intraday volume surged 59.5% to $9.59 billion, while options open interest climbed over 141%, signaling a volatility-driven setup.
- A break above $2.69 could confirm a bullish triangle breakout toward $3.10–$3.40, with support holding near $2.35.
XRP price today trades near $2.50, gaining almost 4.8% in the past 24 hours as traders respond to improving risk sentiment following the official end of the U.S. government shutdown.
Buyers Regain Control As Shutdown Boosts Market Sentiment
Market sentiment improved sharply after the announcement that President Trump signed the bill to reopen the U.S. government, easing liquidity concerns that had pressured digital assets earlier this week. The return of fiscal stability has reactivated institutional interest, evident from XRP’s intraday volume surge of 59.5% to $9.59 billion.
Despite a minor 0.59% dip in open interest to $3.90 billion, options activity remains strong. Options open interest climbed over 141%, showing traders are positioning for a potential volatility breakout in the coming sessions. The rise in long exposure on Binance and OKX — with long/short ratios above 2.4x and 1.3x, respectively — reinforces the short-term bullish tilt.
Technical Structure Suggests Symmetrical Triangle Breakout Ahead
XRP’s daily chart shows price consolidating inside a symmetrical triangle pattern since August, with support near $2.20 and resistance just under $2.90. The latest bounce from the ascending trendline aligns with a recovery above the 200-day EMA ($2.57), indicating the bulls are defending structure after weeks of compression.
The Supertrend resistance remains at $2.69, acting as the next key ceiling. A daily close above this level would break the pattern’s upper boundary and confirm a breakout target toward $3.1 and eventually $3.4. On the downside, holding above $2.35 remains crucial. A sustained drop below $2.25 would risk invalidating the structure and invite another retest of the macro support near $2.
Derivatives And Flows Confirm Renewed Accumulation
Liquidations stayed limited, totaling around $12 million in the past 24 hours, with $8 million from longs and $3.8 million from shorts. The absence of large-scale liquidation cascades suggests that positioning is balanced, reducing the risk of forced volatility. If volume continues to rise alongside stable leverage, XRP could see an orderly breakout instead of a sharp squeeze.
Spot flow data show net outflows of $13.8 million on November 13, smaller than the preceding week’s totals. Historically, moderating outflows after a selloff imply that tokens are moving off exchanges into custody, a sign of accumulation rather than distribution.
Outlook. Will XRP Go Up?
XRP’s setup remains constructive as macro sentiment improves and derivative data show bullish bias rebuilding.
- Bullish case: A decisive breakout above $2.69 with rising volume could confirm a continuation pattern toward $3.10–$3.40, aligning with the upper triangle projection.
- Bearish case: Losing $2.25 would negate the bullish thesis and expose downside targets near $2.00 and $1.85.
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