The cryptocurrency market witnessed a renewed surge in momentum during Monday’s Asian trading session, with XRP reclaiming the $2.00 mark as Bitcoin climbed above $87,000. A confluence of technical indicators, rising open interest, and the potential launch of XRP futures on Coinbase Derivatives has reignited bullish sentiment around Ripple’s native token. Could these catalysts propel XRP toward a $3.00 breakout?
👉 Discover how institutional adoption could accelerate XRP’s next price surge.
Coinbase Derivatives Poised to Launch XRP Futures
Coinbase Derivatives, the futures arm of the leading U.S. crypto exchange, is reportedly set to begin trading XRP futures contracts as early as Monday. According to FXStreet, Coinbase Institution announced on April 4 that it had filed for "self-certification" of XRP futures with the Commodity Futures Trading Commission (CFTC).
If approved, this regulatory-compliant product would mark a pivotal moment for XRP’s institutional integration. It would offer accredited and professional investors a regulated avenue to gain exposure to one of the most liquid digital assets in the market—without holding the underlying token directly.
While the exact launch timeline remains subject to confirmation, Coinbase has indicated that further details regarding availability and trading hours will be shared with market participants ahead of go-live. This anticipation alone has already begun influencing market dynamics.
Growing Open Interest Signals Institutional Interest
Data from Coinglass reveals a 3% increase in XRP derivatives open interest, now totaling $3.24 billion. This uptick suggests fresh capital inflows into the futures market, reflecting growing trader confidence in XRP’s price direction.
Higher open interest typically correlates with sustained price movements—especially when aligned with rising prices—indicating that new long positions are being established rather than short-term speculation dominating the market.
Simultaneously, 24-hour liquidation volume has dropped to just $381,000, signaling reduced leverage usage and fewer forced exits. This decline points to a more stable trading environment, where holders are less likely to be shaken out by volatility—a positive sign for medium-term bullish momentum.
👉 See how rising open interest can confirm a sustainable price rally.
Technical Indicators Flash Bullish Confirmation
At the time of writing, XRP is holding firm above the critical $2.00 support level, reducing immediate downside risks and reinforcing bullish structure on the daily chart. Key technical indicators are aligning to support further upside:
- MACD (Moving Average Convergence Divergence): The MACD histogram has turned positive, confirming a buy signal. While conservative traders may wait for the MACD line to cross above the signal line and centerline for full confirmation, the current green momentum suggests upward pressure is building.
- RSI (Relative Strength Index): The RSI recently broke above a descending trendline resistance, indicating a shift in momentum from bearish to bullish control. With RSI now climbing from neutral territory (~50), there’s room for further upside without entering overbought conditions.
Key Levels to Watch
Traders should monitor several pivotal levels in the coming days:
- Support: $2.00 remains the immediate floor. A sustained break below could trigger a retest of the 200-day EMA at $1.96.
- Resistance: The 50-day and 100-day EMAs converge near $2.22—an area likely to attract selling pressure if approached.
- Upside Target: Clearing $2.22 opens the path toward $3.00, representing minimal resistance in the current trend structure.
A decisive move above $2.22 could trigger algorithmic and momentum-based buying, potentially accelerating gains toward psychological and technical targets.
Broader Market Sentiment Turns Favorable
The broader crypto market is experiencing a rebound in risk appetite. Bitcoin rose 2.71% to $87,440 on Monday, while Ethereum gained 3% to $1,636 and Solana broke above $140.
According to data from Alternative.me, the Fear & Greed Index has recovered to 39—up from “Extreme Fear” levels seen before April 9, when former U.S. President Donald Trump announced reciprocal tariffs. Although geopolitical tensions contributed to earlier volatility, several factors are now supporting recovery:
- Market oversold conditions following March corrections
- Improved clarity in U.S. regulatory stance toward digital assets
- Temporary pause on 90-day tariff measures
This improved macro backdrop benefits high-beta assets like XRP, which tend to outperform during risk-on phases.
Can XRP Sustain Momentum Toward $3?
The path to $3 hinges on three key factors:
- Successful Launch of Regulated Futures: Institutional access via CFTC-compliant futures lowers entry barriers and enhances liquidity.
- Technical Follow-Through: A confirmed breakout above $2.22 with strong volume would validate bullish continuation.
- Market-Wide Stability: Continued strength in Bitcoin and overall sentiment is crucial for altcoin leadership.
However, risks remain. A failure to hold $2.00 could lead to a drop toward $1.96 (200-day EMA), with extended downside possible toward April’s low of $1.62 if volatility spikes unexpectedly.
Frequently Asked Questions (FAQ)
Q: What is driving XRP’s recent price increase?
A: The rally is fueled by rising open interest in derivatives, a potential Coinbase Derivatives futures launch, and bullish technical signals like MACD and RSI improvements.
Q: Will XRP reach $3 in 2025?
A: Reaching $3 is feasible if current momentum continues and institutional adoption grows through regulated products like futures contracts.
Q: Is the Coinbase XRP futures approval confirmed?
A: Not yet final. Coinbase has filed for self-certification with the CFTC; actual trading depends on regulatory clearance.
Q: What happens if XRP breaks below $2?
A: A sustained break could trigger further declines toward $1.96 (200-day EMA) and potentially test April’s low at $1.62.
Q: How does open interest affect XRP’s price?
A: Rising open interest alongside price gains indicates new money entering the market, often leading to stronger and more sustainable trends.
Q: Are technical indicators confirming a buy signal for XRP?
A: Yes—MACD shows green momentum and RSI has broken out of a downtrend, both supporting bullish continuation near-term.
👉 Explore real-time data and tools that help track XRP’s next breakout move.
Final Outlook
XRP is at an inflection point. With technical indicators turning favorable, derivatives activity expanding, and institutional infrastructure advancing through platforms like Coinbase Derivatives, the ecosystem is better positioned than ever for sustained growth.
While short-term volatility remains inevitable in any crypto asset, the alignment of macro sentiment, technical structure, and regulatory progress paints an optimistic picture for XRP’s trajectory through 2025.
For traders and investors alike, monitoring key support at $2.00 and resistance at $2.22 will be essential in determining whether the road to $3 is open—or still under construction.