XRP There has been a sharp rise in derivatives markets, with an increase in the volume of futures contracts thanks to the participation of traders. According to CoinGlass data, XRP Futures volume increased by 3,948% in the last 24 hours on crypto exchange Bitmex, reaching 3,948.30%.
The drop in market prices earlier this week was not only accompanied by an increase in liquidations, but also coincided with a move that saw options markets aggressively de-risk, with open interest rates falling.
At the time of going to press, XRP Open interest was recovering, up slightly by 2.15% over the past 24 hours. The configuration is formed as XRP is looking to break above the $2 level, a price zone that has repeatedly shaped holder behavior.
According to Glassnode, the $2 level remains a major psychological zone for XRP holders. Indeed, since the beginning of 2025, each time XRP After retesting $2, investors saw losses of $0.5 billion to $1.2 billion per week. This reflects the importance of this key level.
XRP configuration focus
For now, XRP We are seeing new demand from short-term buyers and selling pressure from long-term holders looking to break even, suggesting a major move once one party sells out. XRP This feels like a reset, as futures volume and open interest increase.
XRP republished on January 21 after a hiatus of seven consecutive days; however, it did not reach $2, stopping at $1.98.
A break above $2 could start the next major move for XRPtargeting the $2.41 level again. Support lies at $1.85 and $1.82, hence XRP started to increase in early 2026.
In XRP According to Ledger News, the change in allowed domains has reached the majority and is expected to be enabled on mainnet within the next 13 days if 80% support is maintained.
