- XRP confirmed a bullish retest from the 0.5–0.618 Fibonacci zone, with analysts projecting a potential mid-term breakout toward the $4.67 level.
- Open interest in XRP derivatives rebounded from $7.7B to $8.45B, signaling renewed speculative activity following August’s sharp liquidation phase.
- Treasury firm VivoPower announced discounted XRP acquisitions by exchanging mined tokens through bulk deals, highlighting institutional confidence in the digital asset’s value.
XRP has confirmed a bullish retest after bouncing off the 0.5–0.618 Fibonacci retracement zone, raising expectations of a mid-term breakout. The latest structure suggests that buyers could be positioning for a move toward the $4.67 target
Technical Structure Supports Breakout Potential
Rose Premium Signals reported that XRP’s price respected the critical retracement zone, often viewed as a foundation for trend continuation. The rebound from this area is described as clean confirmation, pointing toward strengthening momentum.
The chart setup highlights an entry zone between $2.85 and $3.05, with projected upside to $4.67. That target implies a potential 50 percent advance if support holds firm. Higher lows and contracting price ranges reflect tightening conditions, which frequently precede major market expansions.
This structure suggests that XRP is preparing for further gains. If market conditions remain supportive, traders expect the asset to challenge resistance levels and build toward the breakout target.
Derivatives Market Shows Renewed Activity
Derivatives positioning has begun to recover in line with technical confirmation. Captain Redbeard noted that open interest in XRP rebounded after a steep August decline. Open interest fell 30 percent to $7.7 billion before recovering to $8.45 billion, according to Coinglass.
The resurgence reflects increased speculative activity, with traders re-engaging following the liquidation-driven reset. A rising open interest figure generally signals growing confidence as participants commit capital to leveraged positions.
This development aligns with the technical outlook, where consolidation has transitioned into renewed strength. The combined picture of chart structure and market positioning enhances the case for a sustained advance.
VivoPower Plans Strategic XRP Acquisition
In a separate development, treasury company VivoPower outlined plans to acquire XRP through bulk purchases. The company will exchange mined tokens from its expanded digital asset mining fleet for discounted acquisitions.
The agreement may allow the firm to secure XRP at up to a 65 percent discount. This model supports treasury diversification while optimizing acquisition costs through direct arrangements rather than open market transactions.
By leveraging mining operations, VivoPower positions itself to strengthen reserves while reducing exposure to price volatility. The approach also highlights broader institutional interest in XRP as a long-term asset within digital treasury strategies.
