XRP Blasts Past Resistance at $1.40

XRP has rallied to a six-month high as Binance open interest surges to 263 million. The cryptocurrency is currently trading at $1.39, marking a 38.9% gain over the past seven days.

The sharp rally comes as trading activity, derivatives positioning, and whale accumulation all point to growing interest in XRP.

Data from CryptoQuant shows Binance open interest surging to 263 million, even as XRP's price pushes sharply higher. This is particularly notable when compared with cumulative volume delta (CVD), which sits at -$514 million for perpetual futures and -$194.8 million for spot CVD.

This divergence could signal shifting market positioning and sets the stage for potentially larger price swings as traders adjust their bets.

XRP's rally is also unfolding alongside a notable development on the payments front, with BitPay adding another adoption catalyst. XRP is now available on BitPay Wallet, allowing users to buy, sell, swap, send, receive, and spend the cryptocurrency directly through the self-custody wallet.