XRP just hit a major milestone, with its futures open interest jumping 17% to $3.91B. Binance leads the pack, while XRP’s futures trading volume surged 289% to $60B. Ripple’s global payment efforts and new products like RLUSD are pushing the hype. XRP is currently trading at $2.72, up 39% in a day.
XRP just made a huge splash, with its futures open interest skyrocketing 17% to $3.91 billion. Binance is leading the charge, handling $1.3 billion worth of contracts, making up 32% of the total market. Other players like Bybit and Bitget are also getting in on the action.
But that’s not all. XRP’s futures trading volume shot up 289%, hitting a massive $60 billion, while options open interest grew by 16.2%. Clearly, the market is buzzing with XRP hype.
Ripple’s push to make XRP a go-to for cross-border payments is fueling the momentum, with their On-Demand Liquidity (ODL) service being a big hit with financial institutions. Plus, the upcoming RLUSD stablecoin launch is adding fuel to the fire, offering easy, fast transactions worldwide. Rumors are also swirling about XRP’s possible connection with DeFi networks.
Despite the ongoing legal battles with the SEC, analysts are betting high on XRP. Some even think it could hit $3 soon while few are also predicting insane $5.34 by next year.
Right now, XRP is trading at $2.72, up 39% in just a day, with its trading volume spiking over 428%. It looks like XRP is on a major roll—let’s see where it goes next.
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