XRP Price Boom in Crosshairs as Traders Expect Short Squeeze Fueled Rally

XRP’s XRP ballooning open interest reflects a surge in speculative activity and hints at a potential price breakout in the near term, market watchers say, as the token trades around $2.20 as of Tuesday morning.“XRP’s open interest has surged to nearly $5 billion (over the weekend), indicating increasing speculative activity as traders take sizable positions in the derivatives market,” Bitget chief market analyst Ryan Lee said in a message to CoinDesk.“This spike suggests strong potential momentum, with market participants bracing for a decisive move," he added source: https://www.coindesk.com/markets/2025/06/03/xrp-price-boom-in-crosshairs-as-traders-expect-short-squeeze-fueled-rally