XRP News Today: XRP Surges 80% in Profit, Outpaces Ethereum, Derivatives OI Up 4.95%

Generated by AI AgentCoin World
Wednesday, Jul 2, 2025 10:19 am ET1min read
ETH
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XRP
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XRP has recently distinguished itself in the cryptocurrency market, with 80% of its supply now in profit, surpassing Ethereum's 61%. This significant profit margin indicates a stronger conviction among

XRP
holders, reflecting a more bullish investor sentiment compared to
Ethereum
. This sentiment could potentially drive increased interest and investment in XRP.

The positive derivatives open interest (OI) in the XRP ecosystem further supports this bullish outlook. Currently, XRP derivatives OI stands at $4.20 billion, marking a 4.95% increase. Open interest in derivatives is a crucial metric for gauging market sentiment and activity, as it represents the total number of outstanding futures or options contracts that have not yet been settled. The rising open interest in XRP derivatives signals growing market interest and increased capital inflow from institutional investors.

Market analyst Lingrid suggests that XRP might be in a stealthy accumulation phase, which could ignite a sharp upward move to the zone between $2.30 and $2.35. Lingrid noted that XRP dropped into the IMB zone and quickly bounced back, defending the key support level between $2.00 and $2.05. The chart indicates a potential accumulation structure forming after a falling wedge breakout, with the price beginning to coil toward a higher low. A series of higher lows is instrumental in confirming an uptrend, as each pullback ends at a price higher than the previous one.

XRP was up 0.9% in the past 24 hours, trading at $2.18. Meanwhile, the path to a spot XRP exchange-traded fund (ETF) is becoming clearer as

Ripple
moves to end its nearly five-year legal battle with the United States Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse confirmed that the company will drop its cross-appeal, signaling that a final resolution is near. This development could further boost investor confidence in XRP, potentially leading to increased adoption and value appreciation.