XRP open interest spikes with $3 billion bet
XRP has once again become the center of trader speculation, with open interest (OI) surging to nearly $2.92 billion on October 5, 2025, according to data analyzed by Finbold from CryptoQuant . The jump in leveraged positions comes as XRP trades at $2.99, brushing against the symbolic $3 threshold that has repeatedly acted as resistance throughout the year. The chart shows how XRP’s open interest has moved in lockstep with price over the past 18 months. In late 2024, OI sat below $1 billion, even as the token hovered under $1. As speculative flows poured in, OI climbed past $3 billion in early 2025, while XRP’s price spiked above $3.50. That build-up of leverage was followed by heavy liquidations, which sent OI tumbling back below $1.5 billion during mid-2025’s pullback. XRP open interest. Source: CryptoQuant XRP open interest For readers unfamiliar with the term, open interest refers to the total value of outstanding futures and perpetual contracts in the m...