Crypto exchange Bitrue made a bold statement on Tuesday: XRP images it is selling slowly as it should. With the price hovering around $1.42, Bitrue put its value at $10 – more than seven times its current value and a market cap that could top $610 billion.
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Derivatives Data Tells A Different Story Than A Price Chart
Futures market figures are raising eyebrows. Open interest in XRP rose to $2.60 billion, jumping 7% in one day, according to data from CoinGlass. Such a move during a low price indicates something else: traders are opening new positions, and the position is leaning.
Even the price of $XRP it is falling, there is no increase in the small area.
In fact, long positions are increasing slightly. There is no downside pressure in the $XRP futures market.
Additionally, an increase in OI indicates a desire to buy long positions at low… pic.twitter.com/F8wnhWKUsO
– CW (@CW8900) March 24, 2026
Researchers showed the model. Short positions did not increase as they usually do when the market turns. Instead, traders seem to be buying the weakness, a sign that many expect a price recovery rather than a continued slide.
XRP is down about 4% in the last week. But the futures market is not acting like a pain in the ass.
#XRP it should be $10 https://t.co/YxP3OSiom0
– Bitrue (@BitrueOfficial) March 25, 2026
What the Charts Say About Potential Downtrends
Not every professional calls down. A special technical analysis showed XRP as still within a correction pattern – what Elliott Wave traders call Wave 2/5 retracement. On that reading, the price may push briefly to $1.51 before going back further.
The most important levels that are being monitored are $1.12, where a bottom-up formation can be made, and $0.87, which many traders see as a strong point for long-term accumulation. Reports suggest that some see the stock price as a late shock – an attempt to gain confidence before sentiment rises too high.
This conflict is at the center of the XRP period. Short and long images do not tell the same story.
XRP: Long-Term Targets Remain in Play Despite Recent Weakness
The long-term forecast for XRP is unchanged. Targets worth $5 and up – plus $10 Let’s go references – keep moving between experts and the community.
These goals are related to many issues: the growth of institutional interest, Ripple resolved legal disputes with the SEC, and the expansion of the implementation of blockchain payment infrastructure.
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Missouri they recently moved to XRP as a legal asset – a step that makes the currency more reliable a few years ago.
Reports indicate that the suspects are still at large. XRP has a history of slow upward movements followed by sharp pullbacks, and even optimists with a target of $10 agree that significant volatility can accompany any rise.
Currently, XRP is in a narrowunder the week but holding his foot. The emerging market shows that traders are not moving. They are waiting.
Image taken from Gemini, chart from TradingView
