Ripple’s XRP open interest nears $475M: Will leverage spark volatility?

Ripple’s XRP open interest nears $475M: Will leverage spark volatility?

Ripple’s native token is drawing fresh trader attention after Binance derivatives data pointed to a recovery in speculative positioning. 

Summary
  • XRP Binance open interest rose above its monthly average, showing leverage returning to futures markets.
  • Spot XRP ETF inflows cooled to zero after Monday’s $25.8 million single-day inflow spike now.
  • Record 10K+ XRP wallets point to accumulation, but price still needs clear $1.50 breakout confirmation.

Arab Chain said XRP open interest reached about $475.4 million, above its 30-day average near $440.7 million, while the Z-Score climbed to about 1.65.

Crypto.news price data showed XRP (XRP) trading near $1.43 on May 14, down 1.95% over 24 hours. The token moved between $1.41 and $1.47, with daily volume at about $2.21 billion. That keeps price close to the $1.45 and $1.50 resistance area watched by traders.

Meanwhile, daily net inflows stood at $0 on May 13, after reaching $5.31 million on May 12, according to SoSoValue data. Cumulative net inflows stayed near $1.36 billion, while total net assets slipped from $1.16 billion to $1.14 billion.

That pause came after a stronger ETF session. Recent coverage said U.S. spot XRP ETFs recorded $25.8 million in combined net inflows on May 11, the highest daily figure since Jan. 5. Franklin Templeton’s XRPZ led with $13.6 million, followed by Bitwise and Grayscale.

Wallet data supports the accumulation story

Santiment said XRP Ledger wallets holding at least 10,000 XRP reached a record 332,230. The firm said the trend has built since June 2024, even as XRP spent much of 2026 below earlier highs.

Santiment also kept caution around a February wallet drop. The firm said, “there does not appear to be one confirmed XRP-specific event directly tied to it.” It linked the timing to the broader market crash and liquidations, but stopped short of naming one XRP-only cause.

XRP price eyes $1.50

The main price catalyst remains a confirmed move above resistance. Breakout above $1.45 could validate a triangle setup and open the path toward $1.90, with $2 as the next key level. Another update showed analysts watching $1.50 for confirmation.

Ecosystem catalysts are also building. Recent coverage said XRPL plans native lending pools and programmable escrow tools for on-chain credit markets. The same reporting thread noted Ripple’s pilot with JPMorgan, Mastercard, and Ondo Finance for a tokenized Treasury settlement workflow tied to XRPL infrastructure.

Garlinghouse has also framed XRP as a payments-focused asset, citing settlement speeds of 3 to 5 seconds, low costs, and more than 4 billion completed transactions. That message supports the utility narrative, but traders still need the chart to confirm demand.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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