XRP News Today: CME XRP Futures Hit $1B Open Interest Fastest Ever

CME Group’s XRP futures have reached a historic milestone, surpassing $1 billion in open interest just over three months after their launch, marking the fastest any crypto futures contract has achieved the level [1]. The rapid rise underscores growing institutional interest in XRP and the broader digital asset derivatives market. On August 25, the product recorded its highest trading volume since mid-July, with 7,533 contracts traded—equivalent to more than $1 billion in volume [2]. Since its launch in May, the CME XRP futures contract has facilitated the trading of over 251,000 contracts, representing $9.02 billion in cumulative notional volume [3].

The milestone is part of a broader trend in CME’s crypto derivatives suite, which has now exceeded $30 billion in notional open interest for the first time. XRP and Solana futures both crossed the $1 billion threshold, but XRP did so at an unprecedented pace, drawing attention from institutional traders and corporate desks [4]. Analysts point to the product’s regulated structure—settled to the CME CF XRP-Dollar Reference Rate and overseen by the U.S. Commodity Futures Trading Commission—as a key factor in attracting demand [5].

XRP’s price movement has mirrored the growing momentum of its futures market, though volatility remains. On August 25, the token fell from $2.96 to $2.84 on a volume three times its daily average, with the $2.84 level seen as a critical support area. Institutional buyers then pushed the price back to $2.92, reflecting renewed confidence [6]. In the final hour of the session, XRP rose 0.7% on more than 5.7 million traded tokens [7].

Technical indicators suggest the token could face a retest of lower levels. Bollinger Bands are tightening, RSI remains neutral, and low buying volume raises the possibility of a pullback toward the $2.60 to $2.00 range [8]. Ryan Lee, chief analyst at Bitget, noted that a decisive move above $3.10 could drive XRP toward $3.40, but he warned that derivative markets remain skewed short, and upside remains limited until momentum strengthens [9].

The strong performance of XRP futures has also reignited speculation about a potential spot ETF approval. Several major asset managers, including Grayscale, Bitwise, and 21Shares, have submitted applications to the U.S. Securities and Exchange Commission [10]. Analysts argue that robust futures liquidity could support these cases by providing a regulated benchmark for pricing and trading [11]. Meanwhile, broader crypto markets remain firm, bolstered by Federal Reserve Chair Jerome Powell’s signals of rate cuts, which have lifted risk appetite across assets [12].

XRP’s rapid ascent in the derivatives market highlights its expanding role in institutional portfolios. As crypto markets continue to mature, CME’s record-breaking open interest for XRP futures marks a key turning point, reflecting deepening liquidity and confidence in digital asset derivatives [13].

Source:

[1] XRP Futures Break $1B Open Interest Mark on CME Platform (https://cryptonews.com/news/xrp-futures-break-1b-open-interest-mark-cme/)

[2] XRP Futures Shatter Records With Fastest $1B Surge as ... (https://news.bitcoin.com/xrp-futures-shatter-records-with-fastest-1b-surge-as-cme-crypto-suite-explodes-past-30b/)

[3] XRP Futures Surge as CME Sets New Open Interest ... (https://coincentral.com/xrp-futures-surge-as-cme-sets-new-open-interest-milestone/)

[4] XRP's Derivatives Surge: A Catalyst for Spot ETF ... (https://www.ainvest.com/news/xrp-derivatives-surge-catalyst-spot-etf-breakthrough-institutional-adoption-2508/)

[5] XRP Futures Hit $1 Billion Open Interest Fastest Ever at CME (https://www.ainvest.com/news/xrp-news-today-xrp-futures-hit-1-billion-open-interest-fastest-cme-2508/)

[6] XRP Futures Hit $1 Billion Open Interest on CME (https://coinfomania.com/xrp-futures-cme-record/)

[7] Asia Morning Briefing: ETH Bulls Eyeing $5K as Flows ... (https://www.coindesk.com/markets/2025/08/27/asia-morning-briefing-eth-bulls-eyeing-usd5k-as-flows-strengthen)

[8] XRP Futures Set Open Interest Record at CME, With $3.70 ... (https://www.coindesk.com/markets/2025/08/26/xrp-futures-open-interest-tops-usd1b-at-cme-fastest-ever-for-new-contract)