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

CME Group’s XRP futures have set a new record in notional open interest, surpassing $1 billion, making it the fastest contract to reach this threshold in under four months [1]. This milestone reflects growing institutional interest and market confidence in the XRP derivatives market. The broader crypto futures suite at CME has also crossed $30 billion in open interest for the first time, with both XRP and SOL futures each exceeding $1 billion in notional value [1].

The recent price action of XRP has been volatile, with the token trading between $2.98 and $2.84 over a 24-hour period ending August 26 at 14:00 [1]. On August 25, XRP experienced a sharp drop from $2.96 to $2.84 during evening hours, trading 217.58 million tokens—triple its average daily volume of 72.45 million [1]. The price rebounded to $2.92, with institutional flows playing a crucial role in stabilizing the asset. In the final hour of trading, XRP rose 0.7% to $2.92 on more than 5.7 million tokens, indicating renewed interest from corporate and fund participants [1].

Technical indicators suggest that XRP has found critical support at $2.84, which withstood a high-volume sell-off. Resistance remains at $2.94–$2.95, where repeated profit-taking has limited upward momentum. The RSI has moved from an oversold reading of 42 back into the mid-50s, signaling stabilizing price momentum. Meanwhile, the MACD histogram is narrowing, pointing to a potential bullish crossover in the near term [1]. Weekly momentum patterns indicate compressed volatility, setting the stage for a potential breakout in either direction.

Looking ahead, traders are closely watching the $3.70 level as the next potential target for XRP, provided the current price base between $2.90 and $2.92 holds [1]. On the bearish side, a break below $2.80 is seen as a critical downside trigger that could accelerate losses. The CME’s $1 billion open interest in XRP futures is being viewed as a key barometer of institutional sentiment and may serve as a catalyst for further price movements.

Despite ongoing regulatory pressures in the U.S., XRP continues to attract attention due to corporate adoption and pilot remittance programs. These factors, combined with the recent derivative milestone, underscore XRP’s evolving role in the institutional crypto landscape [1].

Source: [1] XRP Futures Set Open Interest Record at CME, With $3.70 Eyed Next Derivative milestone comes as spot XRP weathers sharp $2.96–$2.84 swing on 217 million volume and institutional flows step back in (https://www.coindesk.com/markets/2025/08/26/xrp-futures-open-interest-tops-usd1b-at-cme-fastest-ever-for-new-contract)