XRP futures volume surges 2,095% on CEX as traders exit positions, marking a decline in institutional participation.

XRP futures volume surged 2,095% on BitMEX crypto exchange as traders adjusted their positions. The cryptocurrency declined for the seventh straight day, reversing March gains and down 0.25% for the month. Open interest in XRP options was down 5.67% to $2.32 billion, and spot ETF flows showed limited improvement with just $636,000 in weekly inflows. The XRP price is trading below the daily MA 50 at $1.41, with a support range between $1.33 and $1.37 now being watched.