XRP News Today: Institutional Bet on XRP Accelerates as Derivatives Hit $1B Milestone

XRP has attracted heightened investor attention in recent days following a 44% surge in trading volume to $6.57 billion, according to CoinMarketCap data. The price of XRP fluctuated narrowly between $2.81 and $2.87 over the 24-hour session ending September 3, with intraday volatility peaking at $2.88 before retreating to $2.80 by the time of press. Despite the modest price movement, the market has been captivated by strong on-chain activity, including a record $1 billion in open interest for CME Group’s XRP futures contracts, achieved in just over three months—making it the fastest-growing crypto derivative product in history [3]. This milestone highlights growing institutional demand for the asset, with Ripple CEO Brad Garlinghouse noting on X that the rapid accumulation of open interest underscores XRP’s expanding role beyond Bitcoin in the crypto derivatives space [3].

On-chain metrics also point to a surge in activity on the XRP Ledger, which recorded a daily transaction volume of 2.15 billion XRP on September 1—more than double the typical daily volume [1]. Analysts have noted that this increase aligns with broader macroeconomic trends, including a weaker-than-expected U.S. jobs report and speculation around an upcoming Federal Reserve rate cut. These factors have contributed to a general uptick in risk-on sentiment across the crypto market, though gains have been short-lived, with many assets experiencing pullbacks shortly after initial rallies [6].

A key development fueling optimism around XRP is the recent activation of the Credentials amendment (XLS-70) on the XRP Ledger mainnet. This upgrade introduces a framework for issuing, managing, and verifying user credentials directly on the XRP Ledger, supporting identity verification and compliance use cases [6]. The feature enables institutions to create and manage verifiable credentials that align with regulatory standards, reinforcing XRP’s utility in enterprise and cross-border payment environments. Vincent Van Code, a prominent X analyst, has argued that this development could create a "scarcity squeeze" if institutions begin locking up large amounts of XRP in liquidity pools for stablecoin corridors and foreign exchange trading, reducing retail supply and potentially driving up prices [4].

Institutional adoption has also been a major catalyst for XRP’s recent momentum. Ripple has continued to expand its global footprint, with the XRP Ledger now operating in 90 markets and supporting over 55 currencies. The company recently announced a partnership with global payment network Thunes to enhance Ripple Payments, enabling faster and cheaper cross-border transactions [2]. This collaboration is expected to accelerate the token’s adoption in financial infrastructure, particularly in regions where traditional banking systems face limitations. Additionally, CME Group data shows that open interest in XRP futures has surpassed $1 billion, with the product outpacing early Bitcoin and Ethereum derivatives in adoption [3]. Analysts suggest that the growing interest from hedge funds and trading desks could lead to large-scale inflows from institutional investors, further boosting XRP’s price trajectory.

Looking ahead, XRP’s technical outlook remains mixed, with bulls eyeing a critical breakout above the $3.00–$3.20 range as a potential catalyst for further gains. The token has been consolidating within a symmetrical triangle pattern, with support forming at $2.82 and resistance near $2.86–$2.88 [1]. If XRP manages to break above $3.10, analysts project a potential rally toward $3.30–$3.40, with some predicting a move toward $5.00 in the coming months [2]. On the downside, a failure to hold key support levels could trigger a deeper correction. Institutional sentiment, regulatory developments, and broader macroeconomic factors—particularly Fed policy—will remain key variables influencing XRP’s short- to medium-term price action [2].

Source: [1] XRP Symmetrical Triangle Forms Under $3.00, $3.30 ... (https://www.coindesk.com/markets/2025/09/04/xrp-symmetrical-triangle-forms-under-usd3-00-usd3-30-breakout-level-in-focus) [2] XRP Could Surge Past $3 as US Regulatory Easing Fuels ... (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-could-surge-past-3-as-us-regulatory-easing-fuels-cross-border-momentum) [3] XRP Futures Hit $1B Milestone as Analysts Eye $3.66 Breakout (https://cryptorank.io/news/feed/bfd95-xrp-futures-hit-1b-milestone-as-analysts-eye-3-66-breakout) [4] The Critical XRP Ledger Upgrade That Could Fuel the Next ... (https://captainaltcoin.com/the-critical-xrp-ledger-upgrade-that-could-fuel-the-next-price-explosion/) [5] Top 5 Use Cases of XRP in 2025: Beyond Payments (https://rubic.exchange/blog/xrp-use-cases-2025-beyond-payments/) [6] $5940000000 XRP Activity Surge Shocks Market as Price ... (https://u.today/5940000000-xrp-activity-surge-shocks-market-as-price-flips-direction)