CME Exchange Sees $220M XRP Futures Open Interest Boom Despite Price Drop

XRP futures open interest on CME has surged to $223 million within just 10 days of launch, defying the token’s recent price decline. The rapid accumulation points to strong institutional interest, with traders likely positioning for a rebound.

Funding rates remain overwhelmingly positive, indicating sustained demand for long contracts. Exchange reserves have dropped sharply—nearly 50 million XRP withdrawn—signaling aggressive accumulation at current levels.

The CME listing provides unprecedented institutional exposure, transforming what might seem like bearish open interest growth into a bullish structural shift. Market dynamics now reflect classic buy-the-dip psychology, with derivatives traders and spot investors aligning in anticipation of upward momentum.