XRP Open Interest Explodes 12% As $35M Buying Surge Hits Market

By Mishal Ali | Edited By Messam Raza,March 28, 2026, 2:00 PM

XRP saw a significant spike in open interest, rising 12% within 24 hours while trading around $1.36. According to historical market data, when such a sharp move last happened on Binance, the price of XRP actually rallied shortly thereafter.

This is a signal that market participants may actually be positioning for a potential move. Bears could also be over-exposed at current levels, which could mean that even a small buying push could spark upward momentum.

Source: X

In the market buzz, more than $35 million in XRP was amassed in one hour. Most of this was on Coinbase, where one person bought 156 identical lots of 10,000 XRP, each spaced 18.5 seconds apart, for a total of 48 minutes.

According to analyst Dom, this was worth $23.4 million. Bitstamp and Kraken saw similar buying activity, implying a possible coordinated buying effort.

Source: X

Also Read: XRP Price Eyes $1.50 Retest as Resistance Holds

Technical Landscape Shows Bearish Pressure 

XRP seems to remain cautious technically despite the growing interest in the market. On March 27th, using TradingView figures for XRP/USDT’s daily chart, we can see that there is a general bearish trend that has been going on since the end of 2025.

After a big fall in early February, XRP initiated a minor recovery that is currently consolidating around $1.32-$1.34. The 20-day simple moving average is at $1.41, which is above the current price.

The upper Bollinger band is at $1.51, which acts as a resistance point, whereas the lower Bollinger band is at $1.30, which acts as a support point. The bands are narrowing, which implies low volatility, which could indicate a buildup for the next big move.

Source: TradingView 

The RSI (14) is consistently in the 38-40 region, which implies bearish pressure, whereas the MACD line is heading towards zero, which implies the current upmove is losing strength.

XRP Key Levels and Potential Scenarios

XRP is currently stuck in a range of $1.30 to $1.50. This is a range where accumulation is occurring, and it is likely that this trend will continue. For a potential reversal, it must break above this range of $1.50 to $1.52, preferably on high trading volume.

If it goes below $1.30, it may continue to move lower, targeting a potential range of $1.15 to $1.20, where buying interest has been seen in the past.

If it goes above $1.41 to $1.45, it may indicate that it is trying to move higher, but for it to move significantly higher, it will need to rally to retest the mid-$1.50 range.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: XRP Price Holds Support as Virtune’s 4 ETN Launch Boosts Outlook