XRP’s $1.18 breakout line draws a $300 million surge in leveraged bets
XRP is trading near $1.13 with open interest above $2.4 billion, up about $125 million in a week, showing traders have rebuilt derivatives exposure below a key resistance zone. Price is still below the crucial $1.18 level; a daily close above it could open a move toward the 50-day EMA and then $1.26. Recent activity shows strong participation, with futures volume far exceeding spot volume, modest long-biased funding, and relatively low liquidations, so the next breakout or breakdown could be amplified. Spot demand has also improved, including nearly $6.8 million of inflows into US-traded XRP funds, though that remains small versus overall turnover. Bullish continuation depends on holding near-neutral funding, sustained exchange volume, and a successful push above $1.18. Failure to break resistance, followed by a loss of $1.08, would likely trigger deleveraging and could send XRP back toward $1 and below.
