XRP price is retesting the lower range as the open interest dropped 70%, putting the $1.30 support in focus.
Conclusion
- XRP is trading at $1.34, down sharply from its July 2025 high of $3.65.
- Open interest fell from $660 million to $203 million in five months, led by Binance.
- A daily close below $1.30 could open the door to $1.00, while $1.50 is the key to recovery.
XRP (XRP) returns to the bottom of its range amid continued selling pressure. At press time, the token was trading at $1.34, down 4.4% in the last 24 hours.
The seven-day range is $1.28 to $1.48. XRP has fallen 50% in the past week and is now 63% below its July 2025 all-time low of $3.65. Market volatility and risk sentiment, partly due to geopolitical tensions, have influenced price action.
The open interest rate drops sharply
A March 3 analysis by CryptoQuant contributor Amr Taha shows significant changes in the futures market. The total open interest of XRP on exchanges decreased from $660 million on October 6, 2025 to $203 million on March 3, 2026. That’s a 70% drop in five months.
Binance led the decline, while Bitfinex and BitMEX now only show a few million dollars in open contracts.
Open interest tracks the number of active futures positions. When both price and open interest converge, it often means that traders are closing or liquidating positions.
The last time Binance XRP open interest dropped to a similar level around April 2025, the price later dropped before rallying near $1.80. Big whites have often reset the market in the past and may indicate an upcoming trend reversal.
Technical analysis of XRP price
On the daily chart, XRP is testing the $1.30-$1.35 support zone. This level forms the basis of the current multi-month range. A daily close below $1.30 would break the structure and expose $1.00-$1.10 as the next low zone. If the support holds, the price will remain in consolidation.
The trend still shows highs and lows. XRP is trading below the moving average. For a real reversal, the price needs to retrace the $1.50-$1.60 supply zone and break the recent high.
Bollinger Bands widened during the selloff and are now tightening. When volatility sets in after a big move, there is often a bigger move to follow. The price is near the bottom band, which indicates pressure, but can also indicate fatigue.
The RSI has been oversold and is now near 40. The pulse is still weak below 50. A break above 50 indicates stronger buying power.
The current field also retains the liquidity of the past. A stop loss may occur and the decline will accelerate through a clean break below. A short cover can lead to a quick bounce if sellers don’t push lower.
A range recovery and short-term momentum reversal is indicated by a daily close above $1.50. If the price closes below $1.30, more downside is likely. XRP is at a critical juncture and volatility could increase quickly.
