XRP Eyes $2.88 Golden Level as CME Open Interest Hits $12M

Published: 2025-08-22 13:35:05 |

XRP has established the $2.88 Fibonacci golden retracement zone as a key support and potential springboard for a rally toward $3.41. Current trading at around $2.79 suggests consolidation above $2.88 could accelerate bullish momentum. Analysis from crypto analyst Dhan highlights this level’s technical significance based on Fibonacci retracement, signaling renewed investor confidence. Meanwhile, CME Group reports that XRP futures open interest surged to an all-time high of $12 million on August 18, with over 6,000 contracts in play. This CME XRP Futures open interest milestone reflects growing institutional demand for regulated exposure to XRP and broader crypto derivatives market maturation. Elevated open interest has historically preceded strong spot price movements, indicating expanding liquidity and potential for further gains. Momentum indicators show stable trading volumes and deeper liquidity on major exchanges. Regulatory clarity, ISO 20022 alignment, and rising adoption in cross-border payments underpin bullish sentiment. Should XRP reclaim $3.00 and push toward $3.41, the combination of the $2.88 Fibonacci golden retracement and record CME XRP Futures open interest could drive a decisive breakout. Traders should monitor open interest trends and volume shifts to gauge market confidence and potential entry points.

Bullish

The convergence of the $2.88 Fibonacci golden retracement zone and a record $12 million CME XRP Futures open interest creates a strong bullish setup. Historically, surges in futures open interest—seen previously with Bitcoin and Ethereum—have preceded significant spot rallies by signaling heightened institutional participation and expanding liquidity. Short term, reclaiming $3.00 could trigger momentum-driven buys, while long term, sustained derivatives activity and regulatory clarity support continued price appreciation. The combination of technical support at $2.88 and elevated open interest suggests traders are positioned for upside, reinforcing a bullish market impact.