XRP faces key test if BTC breaks out

XRP faces key test if BTC breaks out

At press time, XRP’s breakout is picking up pace, now approaching the $3.15 supply wall. Meanwhile, realized profits are ramping, with nearly $1.5 billion in gains locked in over the past three days alone.

But price action hasn’t flinched, which speaks to strong bid support underneath. That’s no coincidence. Over the last two weeks, 2.2 billion XRP have flowed into the network’s most dominant holder class.

In fact, their collective stack just topped 10.85 billion XRP, a level not seen since 2023.

Still, the chart shows about 1.15 billion XRP already rotated out, signaling profit-taking.

It’s not a confirmed top, but the signals are heating up. Derivatives data shows nearly $4 billion in new positions added this week alone, pushing XRP’s Open Interest (OI) to a record $9.24 billion, as of writing.

If the XRP/BTC playbook repeats, a deleveraging flush could be next. Post-election, BTC’s breakout drained liquidity from XRP, wiping out around $2.5 billion in OI.

That puts the $3 level at risk. It’s holding for now, but a clean reset wouldn’t be surprising before any real shot at reclaiming the ATH.