XRP News Today: XRP Derivatives Open Interest Hits Record $10.98 Billion Amid Institutional Surge

XRP derivatives open interest has surged to a record high of $10.98 billion, according to data from Coinglass. This significant increase is attributed to substantial positions held by key exchanges such as Bitget, Binance, Gate, and Bybit, indicating robust capital inflows and growing institutional confidence in XRP derivatives.

This historic jump in open interest is not merely a result of market hype but signals a broader trend of growing institutional adoption, regulatory strides, and strong technical confirmation. XRP’s price has recently reclaimed key levels from the 200-day moving average around $3.28, reaching a symmetrical triangle breakout with a new all-time high (ATH) price of $3.65. Additionally, crucial indicators such as a golden cross, where the 20-day SMA crossed the 200-day, and a MACD bullish crossover have reinforced momentum, corroborating the swell in derivatives activity.

Market analyst Teresa highlights that XRP is breaking out of its consolidation zone with force, fueled by a double cup formation. This pattern suggests key targets at $4.05, $4.69, and $5.39. A weekly close above $4.05 could trigger a rapid rally, as the XRP season may be just getting started. After months of consolidating in a tight range, XRP has surged past critical resistance levels, signaling the potential beginning of a major bullish wave. The double cup formation, characterized by two rounded bottoms followed by a breakout above a shared neckline, suggests growing buyer conviction and long-term accumulation.

XRP first formed a base around $0.50 in late 2023, followed by a second rounding in early 2025. The breakout above $1.50 in July confirms the pattern, putting the next psychological and technical level at $4.05 well within reach. Momentum is also supported by XRP outperforming Bitcoin by 277% year-over-year, driven by increasing institutional interest and clearer U.S. regulatory frameworks following the passage of the GENIUS Act.

Ripple’s continued expansion of cross-border payment corridors, its deepening partnerships with banks and fintech players, and the launch of XRP futures ETFs have all contributed to building a robust foundation. Additionally, on-chain data shows rising active addresses and whale accumulation, both signs of a healthy, growing ecosystem. If XRP secures a weekly close above $4.05, it could trigger an acceleration phase toward new record highs of $4.69 and even $5.39.

In conclusion, if XRP maintains its momentum and secures a weekly close above $4.05, it could trigger a new wave of fear of missing out (FOMO), propelling it toward the higher targets of the double cup formation. XRP’s derivatives open interest reaching a record $10.98 billion is more than a statistical milestone; it’s evidence of a powerful alignment that includes strong price action, widespread institutional entry, regulatory clarity, whale movements, and ETF speculation.