TL;DR
- Ali Martinez, a crypto analyst with a pretty cool 140,000 followers, says XRP’s got no major resistance ahead. So… you know, sky’s the limit, right?
- Glassnode says this recent price surge could actually be fueled by some wild futures market shenanigans. 🎢
Resistance? What Resistance?
Okay, so until just last week, analysts were all “XRP has to hold that $2 support, it’s crucial!” and “If it breaks through $2.26, it’s going to moon!” And surprise, surprise, it did exactly that. It surged past $2.26 and stayed there like it owns the place. Yesterday, it hit a little bump around $2.7, but who’s counting? It’s still chilling above $2.5, which is like… being the cool kid on the block when all the other altcoins are in the red. 🤑
Martinez, ever the optimist, took to Twitter (because, of course, where else?) and said, “On-chain data shows XRP has no major resistance ahead.” So yeah, no roadblocks. Just a straight shot into the crypto stratosphere. Oh, and $2.38 is the new “support level,” in case you were wondering. But it’s totally chill—no stress, no pressure. 😎
On-chain data shows $XRP has no major resistance clusters ahead, while the key support zone to watch sits at $2.38.
— Ali (@ali_charts) May 13, 2025
And here come the price predictions… AllInCrypto is out here saying XRP could hit $19 in the long term. Like, okay, dream big. But, hey, they’re not totally crazy—other analysts are keeping it a bit more grounded, with predictions of $5.4. No biggie, right? 🙄
Futures Market: Let’s Talk Leverage
Here’s where it gets juicy: Glassnode just dropped some spicy data, saying XRP Futures Open Interest skyrocketed by over $1 billion in a single week. That’s right, $1 BILLION. It went from $2.42B to $3.42B, a 41.6% increase. And guess what? Most of this price action was driven by leveraged positions, which means people are betting BIG on XRP. So… yeah, a whole lot of people are feeling pretty confident about XRP’s future. 🤞
$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction,
— glassnode (@glassnode) May 13, 2025
And if you remember (or if you were paying attention in January), the last time Open Interest spiked this quickly, XRP went from $2.3 to $3.3 in like… no time. So, yeah, don’t say we didn’t warn you. 🚀
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2025-05-13 14:12