{"id":13944,"date":"2025-10-21T18:02:52","date_gmt":"2025-10-21T18:02:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-reclaims-2-40-as-open-interest-signals-renewed-bullish-strength\/"},"modified":"2025-10-21T18:02:58","modified_gmt":"2025-10-21T18:02:58","slug":"xrp-price-reclaims-2-40-as-open-interest-signals-renewed-bullish-strength","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-reclaims-2-40-as-open-interest-signals-renewed-bullish-strength\/","title":{"rendered":"XRP price reclaims $2.40 as Open Interest signals renewed bullish strength"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP\u2019s price reclaims the $2.40 level, with rising open interest indicating renewed market confidence and the potential for continued bullish momentum after a volatile week.<\/p>\n<div id=\"cn-block-summary-block_a08ac4db64d50545356f6c5d319fe2e3\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP reclaims $2.40 Point of Control with strong demand.<\/li>\n<li>Rising open interest suggests renewed accumulation.<\/li>\n<li>Sustained closes above $2.40 could lead to rallies toward $2.70\u2013$3.00.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>XRP\u2019s (XRP) price has reclaimed the $2.40 level, showing early signs of renewed strength following a volatile week of trading. The current price region coincides with the Point of Control (POC), making it a key technical area that could determine the next directional move.<\/p>\n<p>Adding to this, Ripple-backed Evernorth Holdings plans a $1B Nasdaq debut to boost institutional XRP use, potentially strengthening market confidence. As price stabilizes above this level $2.40 level, on-chain and derivatives data suggest that sentiment is shifting back toward accumulation, supported by a rise in open interest.<\/p>\n<h2 class=\"wp-block-heading\"><strong>XRP price key technical points<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>Key Resistance Reclaimed:<\/strong>\u00a0XRP has moved back above the $2.40 Point of Control, a major volume-based resistance.<\/li>\n<li><strong>Open Interest Rising:<\/strong>\u00a0Derivatives data show open interest rebounding to historical levels, signaling renewed confidence among traders.<\/li>\n<li><strong>Bullish Structure:<\/strong>\u00a0Sustained closes above $2.40 could open the path toward a continuation rally.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRPUSD (1D) Chart, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Over the past week, XRP has experienced high volatility, with sharp movements both to the upside and downside. Despite this, the\u00a0$2.40 region\u00a0has emerged as a critical inflection point where the market is currently showing resilience. This area represents a\u00a0high-volume node\u00a0on the chart, serving as the Point of Control for the ongoing range.<\/p>\n<p>The recent\u00a0retest of the value area low\u00a0confirmed strong underlying demand. Buyers stepped in early, preventing a deeper retracement and reinforcing $2.40 as a structural support level. <\/p>\n<p>As long as daily candles continue closing above this level, it suggests that market participants are defending it aggressively and preparing for the next potential leg higher.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2666\" height=\"1042\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/10\/1761069772_846_XRP-price-reclaims-240-as-Open-Interest-signals-renewed-bullish.webp.webp\" alt=\"XRP price reclaims $2.40 as Open Interest signals renewed bullish strength - 2\" class=\"wp-image-14427246\"><figcaption class=\"wp-element-caption\">XRP Open Interest, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"http:\/\/coinglass.com\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>Another key factor supporting the bullish case is the rebound in\u00a0open interest\u00a0across major futures exchanges. Following a sharp reset earlier in July, when liquidation events wiped out excessive leverage, open interest has now begun to rise again alongside price. This combination indicates that traders are re-entering the market with renewed confidence, rather than speculative overexposure.<\/p>\n<p>If open interest continues to climb while the price consolidates above $2.40, it will confirm that new long positions are being established rather than short-term profit-taking. This behavior historically precedes continuation rallies, especially when supported by stable funding rates and rising spot volume.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What to expect in the coming price action<\/strong><\/h2>\n<p>As long as XRP maintains daily closes above $2.40, the structure remains bullish. Continued increases in open interest would validate the strength of this reclaim, supporting the potential for further upside momentum.<\/p>\n<p>However, traders should watch for volume confirmation; without strong participation, the move risks becoming another short-term spike.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP\u2019s price reclaims the $2.40 level, with rising open interest indicating renewed market confidence and the potential for continued bullish momentum after a volatile week. Summary XRP reclaims $2.40 Point&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13944"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13944\/revisions"}],"predecessor-version":[{"id":13945,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13944\/revisions\/13945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11665"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}