Ripple (XRP) Price Analysis: $5.5 Billion XRP Open Interest Signals Positive Reaction to Paul Atkins’ Latest Update

Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.

Paul Atkins Signals Softer Crypto Regulation, XRP Traders React Positively

Ripple (XRP) gained 1.5% Tuesday to trade near $2.47 after hitting intra-day highs of $2.59, marking a rebound from Monday’s decline. The dip followed a suspension of the US GENIUS act, under congressional scrutiny of potential conflicts of interest involving Ripple-affiliated entities and Donald Trump’s crypto reserve executive order.

Concerns had centered around Dubai-based USD1’s explosive $2 billion valuation, in which Trump-linked investors allegedly held undisclosed stakes.

Ripple’s lobbying ties to the executive order had cast further uncertainty over XRP’s regulatory status, just days after it secured a $50 million final settlement in it long-running case against the US SEC.

However, Tuesday’s speech by SEC Chair Paul Atkins, appointed under Trump, sparked a positive shift in market sentiment.

Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation, suggesting a lighter compliance burden for compliant firms. Traders responded with renewed optimism, driving XRP’s recovery from a $2.35 low.

The signal of softer regulatory stance from the Trump’s newly appointed SEC chair,  helped restore confidence among retail and institutional holders alike.

XRP Open Interest Hits $5.5 Billion, Bolstering Bullish Thesis

According to Coinglass data, XRP’s open interest surged 2.7% to $5.49 billion Tuesday, signaling traders are re-entering leveraged positions in anticipation of upward price action.

The increase aligns closely with the spot price rebound, reinforcing the view that capital is rotating back into XRP.

Despite a 43.76% drop in daily derivatives volume to $10.71 billion, the rise in open interest suggests fresh capital inflows despite replacing recent liquidations.

Notably, Binance’s top trader long/short ratio hit 3.00, while the broader long/short ratio (accounts) on OKX reached 2.13, both strongly favouring longs.

Options volume also declined 51.15% to just $2,220, and options open interest dropped 4.45% to under $1 million, perpetual and futures markets remain highly active.

Traders are clearly rotating out of shorter-dated, hedged plays and into more directional long bets.

Across major exchanges like Binance and OKX, long/short ratios among both average and top traders consistently exceed 2.0, a rare alignment that signals shared directional confidence in upside expectations.

What’s Next?

If open interest continues rising alongside positive regulatory messaging, XRP could retest $2.70 near-term resistance. Expectations of softer regulations under Paul Atkins and ETF altcoin verdicts expected in June, could propel a run toward $3.00.

XRP Price Forecast Today: Eyes on $2.70 as Momentum Builds Above Key Averages

XRP continues to demonstrate a strong technical setup as bullish sentiment strengthens above key moving averages and volatility bands.

Currently trading at $2.5664, XRP has broken above all three simple moving averages (SMA 50 at $2.2359, SMA 100 at $2.2320, and SMA 150 at $2.1709), a structure that signals a clear bullish shift in trend direction.

More so, Ripple price is currently holding comfortably above the midline of the Keltner Channel (KC) at $2.3614 and is approaching the upper band at $2.5718, suggesting a breakout continuation may be imminent.

The bullish body candles forming above the KC midline reinforce upward momentum, supported by a rising BBP (Bollinger Band %B) indicator, which currently reads 0.2885.

Based on these key indicators, XRP price forecast today points to a short-term target of $2.70, contingent on the ability to close decisively above the KC upper band resistance.

However, should XRP fail to sustain above $2.57, a temporary retracement toward the 50-SMA near $2.23 cannot be ruled out.