{"id":38181,"date":"2025-05-14T10:48:20","date_gmt":"2025-05-14T10:48:20","guid":{"rendered":"https:\/\/coincentral.com\/?p=38181"},"modified":"2025-05-14T10:48:20","modified_gmt":"2025-05-14T10:48:20","slug":"xrp-price-bulls-eye-2-60-breakout-as-selling-pressure-weakens","status":"publish","type":"post","link":"https:\/\/coincentral.com\/xrp-price-bulls-eye-2-60-breakout-as-selling-pressure-weakens\/","title":{"rendered":"XRP Price: Bulls Eye $2.60 Breakout as Selling Pressure Weakens"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>XRP price reached $2.54 with 20% weekly gains before small pullback<\/li>\n<li>Trading volume increased on Binance as market participants return<\/li>\n<li>Open interest climbing from $530 million, showing renewed market interest<\/li>\n<li>Price finding solid support at $2.42 with hourly chart showing bullish pattern<\/li>\n<li>Key resistance at $2.60 with technical indicators turning positive<\/li>\n<\/ul>\n<hr \/>\n<p>XRP has moved in tandem with the broader crypto market rally<a href=\"https:\/\/moneycheck.com\/xrp-xrp-price-trading-volume-surges-as-2-42-support-holds-strong\/\">, posting a 20% increase over the past week<\/a> before experiencing a minor correction.<\/p>\n<p>At the time of writing, XRP is trading at $2.54, down 2% in the last 24 hours but still maintaining most of its recent gains.<\/p>\n<p>The digital asset has shown resilience after finding support above recent lows. This comes as trading activity picks up across major exchanges.<\/p>\n<p>On-chain data shared by <a href=\"https:\/\/www.tradingview.com\/news\/newsbtc:7dedb7220094b:0-xrp-sees-renewed-trader-activity-as-market-absorbs-selling-pressure\/\">CryptoQuant analyst BorisVest reveals a revival in XRP<\/a> derivatives trading on Binance. This uptick in activity suggests traders are returning to the market after a period of lower engagement.<\/p>\n<p>The previous decline in open interest has reversed course. Market participants appear to be re-establishing leveraged positions, hinting at renewed optimism after the recent market reset.<\/p>\n<figure id=\"attachment_38186\" aria-describedby=\"caption-attachment-38186\" style=\"width: 1021px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-38186\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1.webp\" alt=\"XRP price\" width=\"1021\" height=\"725\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1.webp 1021w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-300x213.webp 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-118x84.webp 118w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-768x545.webp 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-50x36.webp 50w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-150x107.webp 150w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/xrp-price-1-450x320.webp 450w\" sizes=\"(max-width: 1021px) 100vw, 1021px\" \/><figcaption id=\"caption-attachment-38186\" class=\"wp-caption-text\"><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\">XRP price<\/a><\/figcaption><\/figure>\n<h2>Trading Metrics Reveal Changing Dynamics<\/h2>\n<p><a href=\"https:\/\/coincentral.com\/xrp-casinos\/\">Open interest for XRP<\/a> futures has bounced back from its low of $530 million. This recovery shows improving market sentiment after dropping sharply from its previous peak of $1.5 billion.<\/p>\n<p>This metric, which tracks the total number of outstanding futures contracts, often serves as a barometer for market engagement and trader confidence.<\/p>\n<p>Funding rates on Binance have reached equilibrium. These rates measure the cost of holding long versus short positions in perpetual futures contracts.<\/p>\n<p>During the recent price correction, funding rates had turned negative. This indicated a prevalence of short positions, creating conditions for a potential short squeeze scenario.<\/p>\n<p>The current Taker Buy\/Sell Ratio sits at 0.91, showing that selling pressure still slightly outweighs buying pressure. However, price stability despite this selling pressure suggests larger buyers may be absorbing the sell orders.<\/p>\n<p>This pattern of absorption often precedes positive price movements. It indicates that despite aggressive selling, demand remains strong enough to maintain price levels.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Good morning everybody!<a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> is on track.<\/p>\n<p>Cheers! <a href=\"https:\/\/t.co\/4tyL09WrQ1\">pic.twitter.com\/4tyL09WrQ1<\/a><\/p>\n<p>&mdash; Dark Defender (@DefendDark) <a href=\"https:\/\/twitter.com\/DefendDark\/status\/1922596101913190542?ref_src=twsrc%5Etfw\">May 14, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>XRP established solid support at $2.42, which served as a launching pad for its latest upward move. The price successfully broke through several resistance levels, including $2.50 and $2.55.<\/p>\n<p>Bulls managed to push the price to test the $2.60 zone, reaching a high of $2.60 before pulling back. A key bullish trend line has formed with support at $2.51 on the hourly chart.<\/p>\n<p>Looking upward, XRP faces immediate resistance near the $2.60 level. If bulls can overcome this barrier, the next targets become $2.65 and $2.72.<\/p>\n<p>Further momentum could take XRP toward the $2.80 mark, with extended targets at $2.85 and $2.88. The major hurdle for bulls sits at $2.95.<\/p>\n<p>Should XRP fail to break above $2.60, it may experience another downward move. Initial support can be found near $2.51 and the trend line, with the next major support at $2.49.<\/p>\n<p>Technical indicators are showing positive signs. The MACD for XRP\/USD is gaining momentum in the bullish zone, while the RSI remains above the 50 level.<\/p>\n<p>With the price trading above the 100-hourly Simple Moving Average, the short-term outlook appears favorable for XRP as it continues to draw renewed trading interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR XRP price reached $2.54 with 20% weekly gains before small pullback Trading volume increased on Binance as market participants return Open interest climbing from $530 million, showing renewed market interest Price finding solid support at $2.42 with hourly chart showing bullish pattern Key resistance at $2.60 with technical indicators turning positive XRP has moved<\/p>\n","protected":false},"author":9001,"featured_media":38183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":65,"footnotes":""},"categories":[28150],"tags":[],"class_list":{"0":"post-38181","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - 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