XRP Price Prediction: Binance Shorts Capitulate as Falling Open Interest Hints at $1.50 Breakout

The latest market structure has fueled fresh discussion around a possible breakout scenario as the XRP price continues consolidating between $1.30 and $1.40.

While broader technical indicators still reflect caution, analysts monitoring Binance futures activity say the recent decline in leveraged short positioning could reduce selling pressure in the near term. At the same time, traders remain focused on whether XRP can reclaim key resistance levels and build momentum toward the $1.45 to $1.50 range.

Binance Futures Data Shows Declining Bearish Pressure

According to crypto analyst CW8900 on X, Binance perpetual futures data is showing a notable divergence between Open Interest and Net Position Delta on the 1-hour chart. The analyst highlighted that Open Interest has been falling while Net Position Delta trends upward, a combination often interpreted as short sellers closing positions rather than opening new bearish bets.

XRP futures data shows declining Open Interest alongside rising Net Position Delta, indicating that short sellers are closing positions and bearish pressure may be easing. Source: CW via X

The accompanying TradingView chart showed XRP hovering around the $1.35 to $1.36 region while Open Interest remained close to 300 million contracts. Meanwhile, positioning metrics continued improving despite muted price movement.

CW8900 described the setup as a potential sign of “short capitulation,” suggesting that traders betting against the asset may be stepping aside after XRP repeatedly defended nearby support levels.

The data also coincides with a sharp decline in Binance’s Estimated Leverage Ratio for XRP. CryptoQuant figures cited in the post showed the ratio falling to 0.176, its lowest level since 2025. The metric, which measures open interest relative to exchange reserves, is often used to gauge speculative activity in derivatives markets.

XRP’s Estimated Leverage Ratio has fallen to 0.176, its lowest since 2025, reflecting widespread liquidation of high-leverage positions as the market consolidates after bottoming in late March. Source: @CW8900 via X

Lower leverage generally reflects a healthier market environment because it reduces the risk of cascading liquidations during volatile price swings. Analysts frequently view this type of reset as a more sustainable base for future price expansion.

For investors following XRP news today, the drop in leverage may indicate that excessive speculative positioning has largely been cleared from the market after months of heightened volatility.

XRP Triangle Pattern Keeps $1.50 Scenario Alive

Another market update shared by analyst Binance_Killers pointed to a symmetrical triangle formation developing on XRP’s 6-hour chart. The analyst noted that XRP recently wicked into ascending support near $1.31 before rebounding toward the $1.35 area.

XRP wicked to $1.31 support within a symmetrical triangle and is recovering toward $1.35, with upside potential toward $1.45–$1.50 or downside risk to $1.28 if support breaks. Source: @Binance_Killers via X

The pattern remains intact as long as XRP continues holding above the lower trendline support. According to the analysis, a confirmed breakout from the triangle structure could open the path toward the $1.45 to $1.50 resistance region.

The analyst wrote that XRP “respected ascending support perfectly,” while warning that a breakdown below the pattern could expose the market to another move toward the $1.28 support zone.

Symmetrical triangles are typically associated with consolidation periods where volatility compresses before a larger directional move emerges. In XRP’s case, traders appear to be watching whether the current range resolves to the upside after several weeks of sideways trading.

At the time of writing, the XRP current price remained near $1.34 on major exchanges.

Technical Indicators Remain Mixed Despite Stabilization

TradingView technical data continues to present a cautious picture for the short-term outlook. XRP/USD carried a broader “Neutral” summary rating despite moving averages maintaining a heavier bearish bias.

The composite technical overview showed 16 Sell signals, nine Neutral readings, and only one Buy signal. Shorter-term moving averages also continued trading above the current market price, indicating lingering weakness across several timeframes.

Key moving averages included:

• EMA (10): $1.364

• SMA (10): $1.361

• EMA (20): $1.382

• SMA (20): $1.399

• EMA (50): $1.399

• EMA (200): $1.672

The fact that the price of XRP remains below these levels suggests that bullish momentum has not fully returned yet. However, oscillators are beginning to show signs that downside momentum may be slowing.

The Relative Strength Index (RSI) currently sits near 40.24, keeping XRP above oversold territory while still reflecting weak momentum conditions. Meanwhile, the Average Directional Index (ADX) stands at 15.58, indicating the market lacks a strong trend in either direction.

XRP was trading at around $1.35, down 0.78% in the last 24 hours at press time. Source: XRP price via Brave New Coin 

Several momentum indicators, including MACD and the Awesome Oscillator, still lean bearish. Yet the absence of strong trend strength has increased expectations for continued range-bound trading unless a major catalyst emerges.

For traders monitoring the XRP price prediction narrative, the $1.30 to $1.26 area remains a key support cluster. On the upside, resistance near $1.38 to $1.40 could determine whether bulls regain short-term control.

Key XRP Levels Traders Are Watching

Pivot point analysis from TradingView places XRP’s central pivot near $1.385. A sustained move above that level could strengthen bullish momentum toward the first resistance zone around $1.49.

Important levels currently being monitored include:

• Pivot Point: $1.38586
• Resistance 1: $1.49246
• Resistance 2: $1.61755
• Support 1: $1.26077
• Support 2: $1.15417

A breakout above the 10-day and 20-day moving averages could improve sentiment significantly, particularly if accompanied by rising spot demand and stronger trading volume.

On the downside, analysts caution that losing the $1.30 support region could increase selling pressure and invalidate the developing bullish structure highlighted in recent futures data.

Although technical indicators remain mixed, the combination of falling leverage, reduced short exposure, and resilient support levels has kept traders focused on the possibility of a broader recovery phase for Ripple XRP heading into June.

For now, XRP continues trading in a consolidation range, with the next decisive move likely depending on whether bulls can reclaim momentum above nearby resistance while maintaining support above the lower end of the current structure.