2.78 billion XRP futures positions locked! On-chain data suggests: Ripple may strongly rebound and head straight for $3.6

On September 17, Ripple (XRP) strongly held above $3 and released bullish signals in major on-chain indicators. According to Coinglass data, the Open Interest for XRP futures remained stable at 2.78 billion contracts, worth over $8.48 billion, indicating that investors remain confident in its future trend. As the first XRP ETF in the United States is about to launch, market expectations for a price breakout above $3.60 continue to heat up.

Unclosed Contracts Stable: Bullish Confidence Remains

Open Interest: 2.78 billion XRP (+0.49% / 24 hours)

Total Value: 8.48 billion USD

Open interest represents the number of futures contracts that have not yet been settled. Stable data indicates that most investors choose to hold their positions and wait for the next wave of market activity to start.

Price Trend: From Pullback to Return to 3 USD

Recently, XRP briefly fell below 3 dollars, touching a low of 2.70 dollars, but quickly regained ground.

Short-term resistance: 3.00 USD

Key target: $3.60 (breakthrough level that the market is highly focused on)

Technical signals: Open interest slightly rebounds, indicating that bulls are still accumulating strength.

ETF listing could be a catalyst

This week, the first XRP spot ETF in the United States is expected to be listed, which may become an important catalyst for pushing the price to break through.

Potential Impact:

· Attract traditional capital inflow

· Enhance market liquidity

· Enhance institutional investor participation

Market Outlook: The probability of a rebound is increasing.

Bullish Scenario:

Hold the $3 support → Challenge $3.60

ETF listing + stable futures positions → positive liquidity

Risk Factors:

Macro market fluctuations (Federal Reserve interest rate decision)

Profit-taking on short positions after the ETF listing

Conclusion

The stability of 2.78 billion XRP futures positions, coupled with expectations for the ETF listing, provides strong confidence support for bulls. If it can hold the critical level of 3 USD and break out with volume, XRP is expected to head straight to 3.60 USD in the short term, and even initiate a new round of bullish momentum.