XRP Price: Is There a Short Squeeze Coming? High open interest says watch closely


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TLDR

  • XRP is trading at $1.05, down 8% over the past week and 43% since the start of 2026.
  • Open interest rose 1.13% to $2.37 billion even as rates fell, with financing rates turning negative.
  • Ripple reports 2,260% increase in real-world token assets on XRP Ledger, from $5 million to $118 million
  • Analyst Ali Martinez has marked $1.06 as a key support level, with the next targets at $0.80, $0.62 and $0.51 if it is broken.
  • XRP remains below the 100-day and 200-day moving averages, with the first resistance level being $1.10.

XRP is trading at around $1.05 after a modest 2.45% gain over the past 24 hours. Despite this slight bounce, the token is still down 8% over the past week and is down 43% since January 2026.

XPR price
Ripple price

XRP reached an all-time high of $3.65 in July 2025. It is now approximately 71% below that level.

The token has recovered above the $1.00 mark, which analysts have pointed to as a key support area. The daily trading volume is about $2.47 billion.

Open interest rises while the price falls

XRP’s open interest rose 1.13% in the past day, reaching $2.37 billion. This means that traders are still opening new leveraged trades even as price trends decline.

Source: Coinglas

Financing rates also turned negative. In perpetual futures markets, this means that short traders are paying long traders to hold their positions – a sign that bearish sentiment is becoming more dominant.

Options open interest fell 67% to $21.66 million, while options volume rose 16% to $5.4 million.

Analyst Ali Martinez posted that XRP is testing a high-volume block at $1.06. On-chain data from UTXO’s verified price distribution shows that over 830 million XRP have been traded at this price, making it a closely watched support line. Martinez identified the following key support levels if this area is broken: $0.80 with 923 million XRP traded, $0.62 with 1.16 billion XRP, and $0.51 with 1.06 billion XRP.


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Some analysts also pointed to the possibility of the coin falling to $0.95 before any recovery. Martinez previously floated a worst-case scenario near $0.15, a level last seen in 2017, if XRP matches its worst historical 96% decline.

Ripple announced a 2,260% growth in tokenized assets

On the fundamental side, Ripple published a report detailing the real assets tokenized on the platform XRP Ledger It has grown from about $5 million at the beginning of 2025 to more than $118 million. This represents a jump of approximately 2,260%.

Assets include digital versions of US Treasuries, commodities and real estate. Ripple produced the report with Token Relations.

XRP remains below the 100-day and 200-day moving averages, both of which are acting as resistance. The Relative Strength Index is approaching the oversold zone. The $1.10 level is now the first major resistance above the current price.

On XRP/BTC, the symbol is testing support near 1,700 satoshi. Analysts see 1,500 satoshis as the next level down, with resistance between 1,850 and 2,000 satoshis on any bounce.





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