XRP Futures Open Interest Surges to 5-Month Peak as Traders Double Down on Bullish Bets

XRP futures are heating up—open interest just hit its highest level since February 2025. Traders are piling in, betting big on a breakout.

Why the sudden rush? Market sentiment's shifting, and XRP's looking ripe for a move. The crowd's clearly leaning bullish, but remember—futures markets have a knack for humbling overeager traders.

Wall Street's watching too, probably drafting another 'this time it's different' research note as we speak. Meanwhile, the real action's happening where it counts—on the chain.

Also pointing to the bullish mood in the market is the "top trader long/short ratio" in the Binance-listed XRP/USDT market. As of writing, the ratio tracked by Coinglass stood at 1.90, implying that for every short, there are two long positions open. Short positions profit when the cryptocurrency declines.

Last week, the Deribit-listed options market saw traders chase the higher strike XRP calls.

Still, the cryptocurrency's spot price is yet to see notable bullish volatility. On Monday, prices ROSE to a high of $2.35, the level last seen at the end of May, only to quickly fall back to $2.25 and remain around that level.