XRP Futures Open Interest Defies Price Slump: Institutional Interest Sparks Rebound Hopes
Despite a recent price decline, XRP futures open interest on CME has surged to $223 million within just 10 days of launch, signaling strong institutional interest. Positive funding rates and significant withdrawals from exchanges suggest traders are positioning for a potential rebound. As of now, XRP is trading at 2.13220000 USDT.
XRP Futures Open Interest Surges to $220 Million Amid Price Decline
XRP futures open interest on CME has skyrocketed to $223 million within just 10 days of launch, defying the token’s recent price slump. The rapid accumulation suggests institutional interest, with traders potentially positioning for a rebound.
Funding rates remain overwhelmingly positive, reflecting 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 Exchange reserves have dropped sharply—nearly 50 million XRP withdrawn—signaling aggressive accumulation at current levels.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 appear as bearish open interest growth into a bullish structural shift. Market dynamics now mirror classic buy-the-dip psychology, with derivatives traders and spot investors aligning in anticipation of upward momentum.
Ripple Price Forecast: XRP Eyes 14% Breakout Amid SEC DeFi Roundtable and Market Sentiment Shift
XRP gained modestly on Thursday, trading near $2.28 as broader crypto markets reacted to a US court ruling blocking former President Trump’s tariffs. The Court of International Trade affirmed Congress’s exclusive authority over trade regulation, removing a macroeconomic headwind for risk assets.
The SEC unveiled details for its June 9 "DeFi and the American Spirit" roundtable, featuring panelists from Espresso Systems, Columbia Business School, and Coin Center. Commissioner Hester Peirce highlighted DeFi’s potential to enable intermediary-free transactions, signaling regulatory engagement with the sector.
Derivatives data reveals challenges beneath the surface - XRP’s Open Interest plunged to $4.8 billion amid aggressive long liquidations. This divergence between spot price action and futures market turbulence suggests volatile conditions ahead of potential SEC policy clarifications.
Analysts Predict XRP Price Surge Above $20 Amid Social Media Buzz
XRP is capturing bullish attention as it trades around $2.30, with analysts forecasting a potential rally to double digits. Social media activity and technical patterns suggest an imminent surge, with prominent voices like JackTheRippler predicting a spontaneous pump. The analyst’s Elliott Wave analysis indicates XRP could reach $16 in an explosive wave (iii), echoing its 2024 rally that nearly matched its 2018 all-time high of $3.40.
Market sentiment is amplified by historical price action and the speculative nature of XRP’s movements. Traders are watching for signs of the next major breakout, driven by both technical indicators and community hype.
Is XRP About to Explode? Ripple’s SEC Letter Could Change Everything
Ripple has submitted a pivotal letter to the SEC, seeking clarity on when a digital asset should no longer be classified as a security. The move could significantly bolster xrp price predictions as the long-running SEC litigation nears its conclusion. Stuart Alderoty, Ripple’s Chief Legal Officer, shared the letter on X, highlighting its focus on Commissioner Hester Peirce’s "New Paradigm" speech question: "When does a digital asset separate from an investment contract?"
The letter cites Judge Analisa Torres’ landmark ruling that XRP itself is not a security, though certain institutional sales were deemed investment contracts. Ripple draws on legal analysis from experts like Lewis Cohen, who argues that secondary market transfers of fungible crypto assets shouldn’t automatically qualify as securities transactions. This development reignites debate over XRP’s regulatory standing as the SEC case approaches resolution.
Analyst Projects XRP Market Cap Could Reach $1.5 Trillion Based on Technical Indicators
Crypto analyst Egrag Crypto has outlined a bold scenario where XRP’s market capitalization could surge to $1.5 trillion. The prediction hinges on logarithmic and non-logarithmic price movements, with technical analysis suggesting four potential growth targets.
The first target aligns with a non-logarithmic measured MOVE at $270 billion, matching the Fib 1.618 level. Subsequent projections include a 242% rally to $450 billion, another 242% jump to $978 billion, and finally the logarithmic push to $1.5 trillion. Egrag’s framework draws from historical cycle patterns between Fib 1.0 and Fib 1.618 extensions.
Market observers note such projections WOULD require unprecedented institutional adoption and regulatory clarity. The analysis appears exclusively focused on XRP’s technical parameters without addressing fundamental drivers needed for such valuation milestones.
Bitget Lists Ripple’s RLUSD Stablecoin, Bolstering Institutional Crypto Adoption
Bitget has positioned itself at the forefront of regulated stablecoin adoption by listing Ripple’s RLUSD, a USD-backed stablecoin issued under New York regulatory oversight. The exchange announced the spot trading launch alongside a promotional airdrop, signaling aggressive market positioning in the compliance-driven digital asset sector.
RLUSD distinguishes itself through dual-chain native issuance on XRP Ledger and Ethereum, combining Ripple’s institutional credibility with blockchain interoperability. "This isn’t just another stablecoin - it’s a regulated instrument meeting enterprise treasury requirements," emphasized Bitget CEO Gracy Chen, highlighting the NYDFS trust charter as a key differentiator.
The listing reflects growing institutional demand for compliant dollar proxies in crypto markets. With segregated USD reserves and transparent reporting, RLUSD enters a competitive landscape dominated by USDC and USDT, but with distinct regulatory advantages for cross-border settlements.
