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 ￰0￱ 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 ￰1￱ chart shows how XRP’s open interest has moved in lockstep with price over the past 18 ￰2￱ 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 ￰3￱ open interest.