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Finbold 2025-05-27 10:06:49

XRP open interest soars close to $5 billion

Derivatives activity surrounding XRP has surged sharply this week, with futures open interest climbing to $4.77 billion, its highest level since May 24, according to the latest CoinGlass data . At the time of writing, XRP is trading at $2.31, reflecting a 1.22% decline over the past 24 hours and a 1.63% dip on the week, marking a notable uptick in trader positioning despite a minor decline in the underlying token’s spot price. However, the growing open interest signals that market participants remain highly engaged, even as price consolidates. XRP futures open interest. Source: CoinGlass What futures open interest means for XRP Open interest in futures markets represents the total value of outstanding derivative contracts that have not yet been settled or closed. In other words, it tracks the number of active long and short positions in the market at any given time. A rising open interest, particularly when accompanied by growing volume, typically reflects fresh capital entering the market. It’s often interpreted as a sign of building momentum or conviction among traders. However, it doesn’t indicate whether traders are positioning long (bullish) or short (bearish); only that risk exposure is increasing. In XRP’s case, the rise to $4.77 billion in futures open interest is a significant move. Over the past three days, open interest has climbed steadily from around $4.48 billion, marking a shift in sentiment after several weeks of relative stagnation. While this is not yet a return to the peak levels seen in late January, it is the strongest futures interest recorded since the sharp unwind in mid-February, suggesting that traders are once again actively deploying capital into XRP markets. XRP derivatives dashboard signals broader reacceleration Complementing the chart data is a snapshot of XRP’s broader derivatives landscape, which reinforces the idea that trading activity is heating up again. Overall volume in XRP derivatives has risen 3.44% in the last 24 hours to $3.11 billion. More striking is the spike in options market activity, with options volume exploding 303.42% to $1.63K, and options open interest climbing 6.32% to $2.03 million. Although the notional value of XRP options remains small compared to futures, the massive jump in daily options volume suggests an increased appetite for directional bets or hedging strategies typically seen when traders anticipate higher volatility or trend continuation. Featured image via Shutterstock The post XRP open interest soars close to $5 billion appeared first on Finbold .

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