XRP open interest has surged to approximately $2.92 billion as the cryptocurrency approaches the $3 price level, a historical resistance point. This increase in leveraged positions was noted on October 5, 2025, when XRP's price reached $2.99, highlighting a strong correlation between open interest and price movements over the past 18 months. The rise in open interest, which reflects the total value of outstanding futures and perpetual contracts, suggests heightened speculative activity in the market. Despite the surge, XRP remains just below the $3 mark, with market participants closely watching for a potential breakout or a decline that could lead to liquidations.