XRP Holds Above $3 as Futures Market Signals Potential Upside

XRP has maintained strong momentum, holding firmly above $3 on September 16 while flashing bullish signals across key on-chain metrics. According to Coinglass, XRP’s open interest has remained steady over the past day, reflecting cautious but consistent investor confidence. Amid the broader crypto market rebound, which has pushed major cryptocurrencies higher, XRP has regained strength, climbing back from a recent dip to $2.70.

Despite renewed optimism, futures activity has shown only modest growth, with open interest rising just 0.49% in the last 24 hours. As of now, 2.78 billion XRP, valued at over $8.48 billion, remain tied to futures contracts. Open interest represents contracts that have not yet been closed, and the steady figure highlights both cautious positioning and confidence in XRP’s long-term outlook.

The upcoming launch of the first U.S. XRP ETF this week is fueling optimism for a breakout toward the highly anticipated $3.60 level. Investors see the ETF as a potential catalyst that could drive fresh capital inflows and spark further upward momentum.

Exchange data shows Bitget leading with 21.32% of total XRP open interest, followed by Binance at 15.39% and CME at 14.85%. This distribution underlines strong institutional and retail involvement across platforms.

With billions of XRP staked in futures and growing anticipation around the ETF, analysts believe XRP may be primed for another rally. While traders remain cautious in the short term, the combination of market recovery, steady open interest, and upcoming regulatory milestones positions XRP for potential upside, possibly pushing toward $4 if bullish momentum sustains.