XRP Surpasses BNB as Derivatives Activity Signals Strong Comeback

XRP has regained its position among the top cryptocurrencies, overtaking BNB after a strong price rally. The token climbed to around $1.53, marking an 11% weekly gain and pushing its market capitalization to approximately $93.4 billion.

The move followed a breakout above the $1.40 resistance level, supported by a sharp 125% increase in trading volume, which reached roughly $3.22 billion. This surge reflects renewed market interest as XRP attempts to establish momentum after months of volatility.

Rising Open Interest Signals Leverage Build-Up

Derivatives data highlights growing trader activity, with open interest on Binance futures rising significantly in recent months. Despite the token still trading well below its previous highs, leveraged positions have continued to build rather than unwind.

Open interest has increased about 59% since late October, approaching levels seen before last year’s market downturn. This suggests improving structural support for the current rally but also introduces potential risks if the price fails to sustain gains.

Market participants are closely watching the $1.50 to $1.60 range, which may determine whether the breakout holds or reverses.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.