2026-2-28 00:00 |
The cryptocurrency market appears to be maintaining its newfound bullish traction, but the price of XRP has fallen to the $1.4 mark after a pullback on Thursday. Amid the ongoing volatility that has rocked the market over the past months, the altcoin is set to make a critical move that could transition it into a bullish phase.
Market Ignores XRP’s Major ResetXRP’s price seems to have lost its latest upward move that was triggered by a broader market bounce. Citing several on-chain and price dynamics, the leading altcoin is quietly undergoing what many investors believe is a major structural reset. Xaif Crypto, a market expert and investor, shared that while the token is preparing for a major reset, many in the market seem to be overlooking its potential and the significance of the impending move.
Over the last 90 days, Open Interest has been witnessing a sharp decline across nearly every major cryptocurrency exchange. According to the data, the open interest on Binance, the world’s leading crypto exchange, totaled at -7.7 million XRP, Bybit’s open interest lost over -12 million XRP, and Kraken bled out -8.3 million XRP. This is billions of dollars in speculative leverage being taken out of the market.
Xaif Crypto highlighted that beneath the surface, this is just the setup rather than the end. When open interest contracts are this hard across multiple platforms simultaneously, it simply implies that the weak hands are exiting. Even the overleveraged betters are also vanishing from the market.
Currently, the market is left with a clean slate, and historically, this is the point where the next big move emerges. “Smart money doesn’t chase pumps, it enters during the silence,” Xaif Crypto added.
Activity On Bittrue On The RiseWhile other trading platforms struggle with declining open interest, Bitrue saw a spike in XRP activity as institutional appetite grows. The platform recorded a 212% increase in spot buying volumes, surpassing the sell-side by over 2x. This surge coincided with a persistent accumulation from institutional investors since the launch of the XRP Spot ETFs.
Since its launch, the funds have attracted a net total of $1.1 billion in assets, with weekly inflows and only 5 days of outflows. As institutional and retail support grows, Bitrue predicts a possible supply squeeze that will probably cause the altcoin to surpass its main rivals in Q2 2026.
Bitrue is known for being the first to champion flexible earn investments with the altcoin and offer it as a base trading pair for spot. The platform has been working to include the token into its services since its inception in 2028, and now users are encouraged to add it to their portfolios.
Its most recent plan is to establish itself as a crucial liquidity hub for the XRPL utility by modifying its short-term business strategy. Bitrue intends to capitalize on this impending market shift. Furthermore, they are focused on increasing support for the altcoin and other coins that are part of the XRPL ecosystem, such as RLUSD, which is currently utilized as a basic trading pair.
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