XRP’s open interest has reportedly crashed to lows not seen since last year, 
when the altcoin surged by around 600%. On-chain analytics platform 
CryptoQuant noted that this development could be bullish for XRP as it looks 
to rebound to new highs. XRP’s Open Interest Drops To Lowest Level Since 2024 
In a blog post, CryptoQuant analyst Arab Chain revealed that XRP’s open 
interest on Binance has fallen to its lowest level since 2024. The analyst 
noted that analysis of XRP Ledger data on the crypto exchange shows a clear 
rebalancing in the derivatives market, with open interest falling to almost 
$453 million, the lowest level since the end of last year. Related Reading: 
Why You Should Pay Attention To XRP’s Exchange Netflows This Month Arab Chain 
noted that this development reflects a fundamental shift in trader behavior 
and confirms a significant decrease in leverage usage compared to previous 
periods. Notably, the XRP price looks to have been fueled by leverage in the 
early parts of this year. The analyst noted that open interest in XRP futures 
contracts exceeded $1 billion on several occasions, which coincided with 
strong price surges. The XRP open interest also rose again in mid-2025 to 
levels similar to those recorded in the early months of the year, sparking 
significant volatility for XRP. However, Arab Chain noted that the current 
landscape is “markedly different.” Open interest has declined gradually and 
then sharply, indicating a significant exit by short-term speculators. 
Meanwhile, the analyst explained that the decrease in XRP open interest 
carries dual implications. The first is that the decline in risk appetite and 
weakening momentum in the derivatives market explain the volatile price 
behavior in the absence of strong, liquidity-driven breakouts. The second is 
that the contraction represents a healthy structural development, as it 
reduces the risk of forced liquidations and mitigates the abnormal pressures 
associated with excessive leverage. Arab Chain noted that periods of low open 
interest often represent transitional phases, during which the market shifts 
froma highly speculative environment to a calmer one that relies heavily on 
genuine spot demand. XRP May Be Preparing For Another Significant Rally Crypto 
analysts have suggested that XRP may be preparing for another significant 
rally, although it remains to be seen if it could rally 600% like last year. 
In an X post, crypto analyst Niels stated that the altcoin is forming a higher 
low around this level. He noted that this is a similar structure that happened 
in April this year, before a new all-time high (ATH). The analyst added that a 
push above $2 could put the bulls in control. Related Reading: XRP Stochastic 
RSI Just Touched 0.0 For The Second Time In History Crypto analyst Chart Nerd 
predicted that XRP could reach a new ATH on its next leg to the upside. This 
came as he noted that the altcoin was in the middle of an ABC reset. His 
accompanying chart showed that XRP could reach as high as $4.5 on this 
impulsive move to the upside, which is expected to happen in the first half of 
next year. At the time of writing, the XRP price is trading at around $1.84, 
down in the last 24 hours, according to data from CoinMarketCap. Featured 
image from Getty Images, chart from Tradingview.com

XRP Open Interest Crashes To Levels Not Seen Since 2024, Can It Also Rally 600%?

Popular crypto analyst PlanD has drawn attention to a key development on the 
Bitcoin price chart, and identifies a pivotal development around $90,650 price 
level. Notably, the premier cryptocurrency has struggled to break past the 
$90,000 price region since crashing below the price zone in mid-December. 
Related Reading: Bitcoin Supply Overhang: 6.6 Million BTC Bought Above Current 
Price Bitcoin Set For Potential Rally To $97,000 On Resistance Break — Analyst 
In an X post on Friday, PlanD explains that an ascending chart pattern is 
forming on the BTCUSD 4-hour chart following the price action of last week. 
For context, the rising or ascending triangle formation is a bullish chart 
pattern that forms when the price makes higher lows while repeatedly facing 
resistance at a relatively flat horizontal level. In technical analysis, the 
ascending triangle formation primarily signals growing buying pressure and a 
potential upside breakout. According to PlanD, the flatline resistance aligns 
with $90,650 after two price rejections, making this level a critical breakout 
point in the present price structure. Upon the likely event that the market 
bulls conquer this price level, the analyst postulates that Bitcoin would 
experience a forceful price surge into the upper band of the $93,500 to 
$97,000 price region. This reactive price rise can be attributed to the 
potential short-squeeze that will be created when the short positions around 
the resistance region are forcefully closed by the price breakout. However, 
PlanD warns traders and investors should only interpret this price gain as a 
“short-term stop hunt/relief rally” rather than a structural trend reversal 
following Bitcoin bearish fortunes in Q4 2025. The seasoned analyst advocates 
for a cautious market stance, stating that investors should prepare for a 
position reassessment at $97,000 unless the price decisively moves above this 
target. Related Reading: Bitcoin Funds See Significant Net Outflows Heading 
Into Year-End – What’s Going On? Bitcoin Market Overview At the time of 
writing, Bitcoin trades at $87,661 following a minor decline of 0.18% in the 
past day. Meanwhile, daily trading volume is up by 133.35%, suggesting 
increased trader activity and positioning ahead of a potential major price 
move. Interestingly, analysts of both sentiment camps have reiterated their 
positions in recent days. Prominent market expert Ali Martinez is convinced 
that the bear market began after Bitcoin reached its all-time high of $ 
126,100 in early October. According to Martinez, the market is currently in a 
phase of complacency, where investors continue to anticipate another price 
surge instead of actively de-risking or reducing their positions. From the 
bullish camp, analyst Ash Crypto states the bull market run remains active, 
considering the price surge and new all-time highs in commodities markets such 
as gold and silver. The pundit expects an eventual rotation of capital from 
these markets into Bitcoin, with price targets set at $150,000 in the new 
year. Featured image from Pexels, chart from Tradingview

Bitcoin Short-Term Relief Lies Beyond Crucial $90,650 Resistance – Details

Dogecoin price continued its recent downward trend, reaching its lowest level 
since Oct. 10, and its technicals points to more downside as the DOGE ETF 
drought continued. Dogecoin (DOGE) token was trading at $0.1227, down by 75% 
from its highest…

Dogecoin price forms scary patterns as DOGE ETF drought continues

Jurrien Timmer, Director of Global Macro at Fidelity Investments, believes 
that 2026 might be a gap year for bitcoin, even with the current tailwinds. 
Trimmer states that bitcoin might take a year off as part of its classic 
4-year cycle. Fidelity’s Jurrien Timmer: Winter Might Be Upon Us, 2026 Might 
Be a ‘Year Off’ for […]

Fidelity Macro Analyst: Bitcoin Might Take a ‘Year off’ in 2026

Ethereum treasury firm Bitmine has begun staking Ether after depositing nearly 
$219 million worth of ETH into Ethereum’s proof-of-stake system.

Cryptocurrency price in MMK