XRP News Today: XRP Open Interest Surges 25% to $10.49 Billion as Price Climbs 70%

XRP Open Interest (OI) has reached a new all-time high, surpassing $10 billion across major crypto exchanges. This surge in futures activity coincides with the XRP price climbing towards $3.48, its highest level in years. Historically, rising Open Interest has often been associated with significant price rallies, suggesting the potential for further upside in XRP’s trajectory.

According to reports, the total Open Interest in XRP futures has climbed to a fresh all-time high of $10.49 billion, reflecting a sharp increase in trading activity and capital inflows into the derivatives market. The Open Interest broke ATH targets after it exceeded the $9 billion mark, with trading activity continuing to accelerate. XRP is currently trading at approximately $3.5, marking a significant recovery from its prolonged consolidation period just above $2 in recent months. The spike in Open Interest is reportedly driven by some of the top crypto exchanges, with Bitget leading with $2.21 billion, followed by Binance at $1.83 billion, Gate at $1.69 billion, Bybit at $1.53 billion, and other platforms contributing to the overall increase.

Binance, the dominant player in XRP futures, has seen its Open Interest vault from around $544.4 million on March 11, 2025, to nearly $2 billion in just four months. This reflects a broader trend where major exchanges witness multiple hundred-million-dollar positions being opened by traders betting on XRP’s next move. The correlation between Open Interest and price action often serves as a crucial signal in the derivatives market. Usually, when OI climbs alongside price, it suggests strong bullish momentum backed by real capital. Conversely, a surge in OI without a corresponding price increase can raise concerns over potential leverage traps or looming liquidations. In the case of XRP, both Open Interest and price appear to be rising, indicating sustained market confidence and the possibility of an even stronger uptrend.

XRP, the cryptocurrency associated with Ripple, has recently achieved a significant milestone as its open interest (OI) surged to over $10 billion, marking an all-time high. This surge in OI indicates a growing number of speculative traders entering the market, driven by a combination of regulatory developments and institutional interest. The recent rally in XRP's price, which surpassed $3.60 for the first time, has been fueled by several key factors. Notably, the passage of three significant crypto bills in the US House of Representatives, including the GENIUS Act and CLARITY Act, has brought much-needed legal clarity to digital assets. These legislative developments have bolstered investor confidence, contributing to the token's price surge.

Institutional participation in the XRP market has also seen a notable boost. ProShares is set to launch the first XRP futures ETF in the US, paving the way for broader institutional access to the asset. This move is expected to attract more traditional investors who have previously been hesitant to enter the cryptocurrency market. Additionally, several major asset managers, including Franklin Templeton, Grayscale, 21Shares, and Bitwise, have filed applications for XRP investment products, signaling growing institutional confidence in the asset's long-term potential.

On the regulatory front, traders are closely monitoring the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Market speculation suggests that the SEC may soon drop its appeal in the high-profile Ripple case, which could cement a 2023 court ruling that found XRP sales to retail investors do not constitute securities offerings under US law. This potential resolution could further bolster XRP's legitimacy and drive its price higher. The surge in XRP's open interest is also reflected in the derivatives market, where activity has been particularly robust. Data shows that XRP open interest jumped 25% in the past 24 hours, reaching $4.6 billion. This increase is primarily concentrated in perpetual contracts, with Binance and Bybit dominating the market, holding $1.8 billion and $1.6 billion in open interest, respectively.

The recent price rally has also led to significant liquidations in the market. According to data, XRP liquidations reached $88.54 million in the past 24 hours, higher than Bitcoin’s $79.67 million and second only to Ethereum’s $206.65 million. Notably, the liquidations were heavily skewed toward short positions, suggesting that many traders were caught off guard by the sudden price jump. Overall, the rally in XRP's price appears to be gaining solid support from rising institutional interest and whale accumulation. Analysts now view a breakout toward $4 as a realistic short-term target. This marks a sharp turnaround for the token, which has been weighed down by regulatory uncertainty for much of the past three years. With fresh legislative clarity, ETF momentum, and strong market support, XRP seems to be entering a new era of legitimacy.