XRP Price: Is a Short Squeeze Coming? Rising Open Interest Says Watch Closely

TLDR

• XRP is trading at $1.05, down 8% over the past week and 43% since the start of 2026
• Open interest rose 1.13% to $2.37 billion even as price fell, with funding rates turning negative
• Ripple reported a 2,260% increase in tokenised real-world assets on the XRP Ledger, from $5M to $118M
• Analyst Ali Martinez flagged $1.06 as a key support level, with next targets at $0.80, $0.62, and $0.51 if it breaks
• XRP remains below its 100-day and 200-day moving averages, with $1.10 acting as the first resistance

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XRP is trading at around $1.05 after a modest 2.45% gain in the past 24 hours. Despite that small bounce, the token is still down 8% over the past week and has dropped 43% since January 2026.

XRP Price

XRP hit an all-time high of $3.65 in July 2025. It now sits roughly 71% below that level.

The token has recovered above the $1.00 mark, which analysts have flagged as a key support zone. Daily trading volume stands at around $2.47 billion.

Open Interest Rises While Price Falls

XRP’s open interest rose 1.13% in the past day, reaching $2.37 billion. That means traders are still opening new leveraged positions even as the price trends lower.

Source: Coinglass

Funding rates have also flipped negative. In perpetual futures markets, this means short traders are paying long traders to hold their positions — a sign that bearish sentiment has become more dominant.

Options open interest dropped 67% to $21.66 million, while options volume climbed 16% to $5.4 million.

Analyst Ali Martinez posted that XRP is testing a major volume block at $1.06. On-chain data from the UTXO Realized Price Distribution shows over 830 million XRP changed hands at that price, making it a closely watched support line. Martinez outlined the next key support levels if that zone breaks: $0.80 where 923 million XRP transacted, $0.62 with 1.16 billion XRP, and $0.51 with 1.06 billion XRP.

Some analysts have also pointed to a possible dip to $0.95 before any recovery. Martinez has previously floated a worst-case scenario near $0.15, a level last seen in 2017, if XRP were to match its worst historical drawdown of 96%.

Ripple Reports 2,260% Growth in Tokenised Assets

On the fundamental side, Ripple published a report showing tokenised real-world assets on the XRP Ledger grew from around $5 million at the start of 2025 to over $118 million. That is a jump of roughly 2,260%.

The assets include digital versions of US Treasuries, commodities, and real estate. Ripple produced the report together with Token Relations.

XRP remains below both its 100-day and 200-day moving averages, with both acting as resistance. The RSI is approaching oversold territory. The $1.10 level is now the first major resistance above current price.

On the XRP/BTC pair, the token is testing support near 1,700 satoshis. Analysts see 1,500 satoshis as the next level down, with resistance between 1,850 and 2,000 satoshis on any bounce.

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