XRP Open Interest Explodes Past $1B—Traders Bet Big on Imminent Price Surge

Futures markets gobble up XRP contracts like Wall Street bankers at a free buffet—open interest rockets 60% in seven days.

Price teeters at key resistance: A breakout here could trigger a cascade of liquidations, sending XRP toward levels not seen since the 2021 bull run.

Meanwhile, crypto skeptics mutter about ’irrational exuberance’—right before quietly doubling their positions.

At 68, the relative strength index is getting close to but not yet past the overbought zone, indicating that there is still potential for the current trend to continue. Other important indicators, like the moving average convergence divergence, point to continued upward movement. 

Alongside chart strength, institutional demand appears to be growing. The XXRP ETF, which provides institutional investors with exposure to XRP, has seen inflows for five weeks in a row. The fund brought in $14 million last week, up from $10 million the previous week, according to data from etf.com. The fund’s total assets under management now amount to over $99 million.

This is notable considering that its 1.89% annual management fee is almost twice as high as some of the more well-known Bitcoin (BTC) ETFs. Despite this, investor interest is still high, suggesting that there is a greater demand for products linked to XRP.

This rise in demand coincides with mounting speculation that spot XRP ETFs will soon be approved by the U.S. Securities and Exchange Commission. Platforms like Polymarket now show that the odds of approval are 80%. According to JPMorgan analysts, XRP ETF inflows could reach $8 billion in the first year, surpassing ethereum (ETH) ETF inflows since their approval in September 2024. 

Because of its strong technical structure, growing institutional interest, and rising open interest, XRP looks ready for a significant breakout if the current trends continue.