Ripple (XRP) price crosses $1 first time in 3 years as Gensler, Trump ...

At the time of publication on November 14, XRP open interest has surged to $1.50 billion. This reflects an $819 million increase in open interest since Trump’s win.

Moreover, while XRP prices have jumped 85% in the last 48 hours, the total capital stock in XRP derivatives markets has grown by 120%, indicating open interest is rising significantly faster than price. This often signals further upside for two key reasons.

First, a faster increase in open interest relative to price suggests growing market participation and speculative activity. Such behavior often points to strong conviction among traders that the current dominant directional momentum will continue.

Second, the surge in open interest highlights increased leverage in the market, amplifying potential price movements.

Combined with regulatory optimism under Trump’s expected pro-crypto policies and new exchange listings bolstering market liquidity, Gensler’s impending resignation creates conditions for XRP to maintain relatively high support levels when market consolidates.

XRP’s price has experienced a remarkable rally, surging over 85% in just two days. This explosive price action coincides with significant market events, including changes in U.S. regulatory sentiment and heightened activity in derivatives markets.

With XRP open interest rising faster than price, capital inflows into XRP markets suggest increased trader conviction in the ongoing rally. The current momentum puts XRP’s psychological $1.50 target within reach, supported by bullish technical indicators.

Technical Analysis and Price Projections

XRP’s daily chart shows strong bullish momentum, with the price breaking above the upper Keltner Channel (KC) band at $0.8732. The breach of this level indicates a robust upward trend, often signaling further gains. The Bull-Bear Power (BBP) indicator is firmly in positive territory at 0.6925, reinforcing bullish sentiment as buyers dominate.