[XRP Open Interest Nears $3 Billion, $3 Mark Becomes Key Battleground for Bulls and Bears] CryptoQuant data shows that as of October 5, XRP's open interest (OI) has surged to approximately $2.92 billion, reflecting a significant increase in market speculation. A spike in open interest often signals the potential for heightened market volatility. Currently, XRP's price hovers around $2.99, near the critical resistance level of $3. Analysts believe that bulls and bears are engaged in an intense battle at this level. If the price successfully breaks above $3, the massive OI could drive the price further upward; conversely, if the price retreats, it may trigger large-scale liquidations of long positions.