XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish sentiment returns to the broader crypto market. With Bitcoin holding above $100K and Ethereum reclaiming the $2,200 mark, altcoins like XRP are beginning to show strength after months of subdued performance. Analysts are now calling for a potential breakout, emphasizing the importance of XRP reclaiming key resistance levels in the coming days to confirm a sustained move higher. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week, rising from $2.42 billion to $3.42 billion—a 41.6% increase. This spike suggests a growing wave of speculative interest and directional conviction among traders. As leverage builds, all eyes are on XRP’s next move to determine whether this momentum can evolve into a full-blown rally. The rise in open interest alongside price appreciation often points to sustained bullish intent, adding weight to calls for a continued surge. With volatility returning to the altcoin market, XRP could be gearing up for one of its most critical breakouts in months. XRP Leads With Strong Momentum And Rising Leverage XRP is emerging as one of the strongest performers in the market, displaying remarkable resilience during recent downtrends and now showing clear strength in the current bullish environment. After consolidating through volatile conditions, XRP has surged above the $2.50 level, firmly positioning itself as a leader among large-cap altcoins. The price action remains tight, with bulls continuing to test the $2.60 zone while bears are unable to push the price below the new support levels formed near $2.35. This price compression, combined with broader market optimism, suggests that XRP may be gearing up for a major move. With Bitcoin consolidating near its all-time highs and Ethereum testing crucial resistance zones, analysts are paying close attention to XRP’s trajectory. The altcoin market is heating up, and XRP’s technical structure hints at a bullish expansion phase if current levels are maintained or reclaimed with volume. Supporting this bullish outlook is recent data from Glassnode, showing that XRP Futures Open Interest has soared by over $1 billion in the past week. It jumped from $2.42 billion to $3.42 billion—a 41.6% increase—coinciding with a price rally from $2.14 to $2.48. This surge in leverage underscores growing speculative interest and strong directional conviction among traders. Elevated open interest, particularly when paired with upward price movement, often signals sustained momentum and institutional participation. With XRP firmly above key support and showing signs of renewed investor confidence, the next few sessions could be pivotal for determining whether XRP will finally break out into a new macro trend. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next? Price Action Signals Strength Amid Market Momentum XRP is showing strong bullish momentum as it continues to trend higher, currently trading around $2.55. The chart reveals a well-established uptrend, with XRP recently breaking above key resistance levels and holding above both the 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), currently at $2.13 and $2.02, respectively. This alignment of moving averages below the current price reinforces the bullish structure. Over the past two weeks, XRP has surged more than 24%, confirming higher lows and higher highs in the process. After briefly stalling at $2.60, the price is now consolidating with low volatility just below that level—indicating potential for another breakout if buying pressure resumes. Volume also picked up significantly during the initial leg of this move, signaling strong interest from market participants. Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move The next resistance level to watch is near $2.80, which marked a major rejection zone earlier in the year. On the downside, the $2.35 zone has now turned into strong support and would be a critical level for bulls to defend if momentum weakens. Featured image from Dall-E, chart from TradingView