• XRP slides from daily highs around $1.61 as bulls eye higher support.
• XRP sees an increase in retail demand as futures Open Interest rises to $2.87 billion.
• Traders lean into risk with the Open Interest Weighted Funding Rate remaining positive for three consecutive days.

Ripple (XRP) is easing from its daily high of $1.61, trading above $1.50 at the time of writing on Tuesday. The remittance token had maintained modest gains for four consecutive days, reflecting a broad increase in crypto prices led by Bitcoin (BTC), which touched $76,000 earlier in the day.

XRP’s rebound cools as retail traders return

The steady increase in the XRP price from the monthly low of $1.32 on March 1 aligns with rising derivatives demand, as seen in futures Open Interest (OI) reaching $2.87 billion on Tuesday, up from $2.66 billion the previous day.

CoinGlass data shows that OI, which reflects the notional value of outstanding futures contracts, dropped to $2.11 billion on March 4, matching levels last seen in January 2025.

In contrast, the OI peaked at $10.94 billion in July, coinciding with XRP’s rally to a record high of $3.66. Higher or steadily increasing OI indicates that traders are confident in XRP and willing to increase their exposure, thereby helping sustain growth.

The OI-Weighted Funding Rate chart shows that traders are increasingly piling into XRP long positions. As observed, the weighted funding rate holds at 0.0054% on Tuesday and has remained positive for three consecutive days since Sunday.

Technical outlook: XRP stalls after recovering key technical levels

XRP is delicately holding onto support at $1.50 amid a modestly bullish outlook, which elevated the remittance token above the 50-day Exponential Moving Average (EMA). Despite a minor correction from the daily high of $1.61, the Moving Average Convergence Divergence (MACD) indicator remains above its signal line on the daily chart. The gradually expanding green histogram bars suggest strengthening bullish momentum.

A daily close above the short-term support at $1.50, which aligns with the 50-day EMA, could strengthen the near-term bullish bias and open the door for gains above the SuperTrend indicator, capping rebounds at $1.58. A sustained break past this supply zone would expose XRP to the 100-day EMA at $1.70.

Still, the Money Flow Index (MFI) climbs into overbought territory above 80, signalling strong buying pressure but also warning that the latest upswing may be running hot. A deeper correction below $1.50 could accelerate toward the weekly open at $1.45. Other levels of interest for traders are $1.40 and $1.35, respectively.

(The technical analysis of this story was written with the help of an AI tool.)