XRP Seeks Breakout Above $1.42 as Traders Increase Long Exposure

XRP is hovering near $1.40 after defending support at $1.38 and remains above its major exponential moving averages, preserving a broader bullish structure.

The token's derivatives market showed signs of stabilizing, with futures open interest increasing marginally to 2.24 billion XRP, up from 2.23 billion XRP the previous day and 2.2 billion XRP on Sunday, according to CoinGlass.

A sustained increase in open interest alongside rising prices can indicate that traders are committing fresh capital to bullish positions.

The open-interest-weighted funding rate remained positive at approximately 0.01%, showing that long-position holders are willing to pay a premium to maintain their positions, but positive funding does not guarantee further gains.