Comparing XRP open interest with the open interest in November 2024, is it possible to have 600% gatherings?
XRP open interest may be a good pointer now, and for the next price it may be as it used to be. From today’s numbers ahead of the 2024 rally, it’s still high from today’s open interest. According to historical performance, high prices may be bearish on the price, resulting in a price correction for XRP.
XRP Open Interest is Now with November 2024
According to Coinglass, XRP open interest remains high, with over $3.3 billion at the time of writing. Although this is far from the all-time high of $7.87 billion reached in January 2025, compared with the current $3.35 billion. This means that XRP open interest has dropped by about 50% since January, so it is about three months.
By contrast, as early as November 2024, XRP’s open interest was much lower. Data shows that when Altcoin is still in the merger trend that began in 2023, it is still under $1 billion, or just $706 million.
This means that the current open interest rate is more than 300% higher than before the November 2024 rally. The thing about open interest is that the higher the likelihood of a gathering. This is because if the open interest is low, there is no need to be too many quantities to increase the price.
The current price is also more than 300% higher than the November 2024 price, showing a high correlation between open interest and price. At this point, with XRP’s market cap higher, there is less chance of meetings like the 600% witnessed in Q4 2024. However, there is still the possibility of increasing prices, especially as market experts demand new historical climaxes.
When will the price reach its all-time high?
With current market sentiment, XRP prices seem to be above $3 again, but there is still an all-time high of $3.8 and is still almost 100%. When some analysts expect prices to clear new peaks, some will say some expect earlier rather than later.
A crypto analyst predicts that XRP prices will reach an all-time high this year. She proposed a step that she believes the altcoin will clear $10, and in the most extreme cases, it could be more than $25 by January 2026.
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