XRP price prediction: Breakout above triangle puts $3.70 in focus as bullish bets rise

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XRP breaks triangle pattern as price eyes $3.70

Highlights

- XRP breaks out of symmetrical triangle near $3.56 with RSI climbing above 66

- Open interest hits $11.19B with 130% surge in options volume, signaling strong bullish bets

- Key breakout target lies at $3.70, provided price holds above $3.55 support

The breakout follows a sequence of higher lows and repeated rejections of the triangle’s upper boundary, culminating in a clean technical breach on the 30-minute chart. Momentum indicators, including the Relative Strength Index, have confirmed the breakout strength, with RSI surging to 66 after bouncing from a sub-40 reading earlier in the day.

XRP price dynamics (Source: TradingView)

VWAP dynamics also support this move, with the indicator sloping upward and staying beneath current price levels. The breakout lacks a sharp volume spike so far, but the structural breakout and indicator alignments suggest increasing conviction among buyers. This positioning is significant, especially with broader market volatility compressing in recent days.

Derivatives signal aggressive positioning

Data from Coinglass highlights an uptick in derivatives interest. XRP futures open interest has risen to $11.19 billion, marking a 3.57 percent increase, while daily volume jumped 45 percent. Options trading saw a more aggressive rise, with volume increasing by over 130 percent. These shifts point to a wave of speculative activity as traders prepare for extended upside potential.

The bullish sentiment is echoed across major exchanges. On Binance, the long-to-short ratio for XRP/USDT stands at 3.44, indicating strong buyer positioning. Similar trends appear on OKX and Bybit, but this heavy leaning toward long positions could create short-term volatility if follow-through momentum falters. For now, the $3.55 level has become an intraday pivot, and holding above it could pave the way toward $3.68 and $3.70 in the next 24–48 hours.

Short-term outlook favors continuation

If XRP maintains strength above $3.55 and volume builds, a measured move toward the $3.70 region is likely. This would represent a 3.9 to 4.1 percent gain from current levels. However, failure to sustain above the broken trendline could lead to a return toward $3.50 or even $3.46, where support previously held during triangle formation. Funding rates remain neutral, suggesting additional room for expansion if spot demand accelerates.

In our previous coverage, we noted XRP’s reaccumulation above the $3.45 zone as it held key support after flipping resistance. Today’s breakout confirms that structure shift, with derivative flows and technical breakout aligning for a potential bullish continuation.

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