Saad Ullah
XRP futures traders are doubling down with $4.07 billion in open interest even as the price struggles near $2 support. Despite recent volatility, institutional confidence remains strong across major exchanges.
XRP (Ripple) Traders Commit Big Despite Price Pressure
XRP is having a rough time right now, with the price sliding toward the $2 support level. But here's the thing – traders aren't backing down. In fact, they've committed a massive $4.07 billion to XRP futures, which represents about 1.93 billion XRP tokens.
This isn't just random money floating around. When traders put this much cash on the line, it usually means they're expecting something big to happen. The data from CoinGlass shows some interesting patterns too. Bitget leads the pack with 29.49% of open interest – that's 569.38 million XRP worth roughly $1.19 billion. Binance, Bybit, and Gate.io are also playing big with $733.03 million, $597.82 million, and $464.98 million respectively.
XRP (Ripple) Price vs Volume Tells Different Stories
Right now, XRP is trading at $2.08, down 2.85% in the last 24 hours. Not great, right? But wait – the trading volume is actually up 22.17% to $3.24 billion. That's a pretty big deal because when price goes down but volume goes up, it often means people are buying the dip.
This kind of market behavior usually happens when smart money thinks the current price is a bargain. The combination of high open interest and pumping volume suggests something might be brewing behind the scenes.
Legal Drama Hasn't Killed XRP (Ripple) Optimism
The recent court decision didn't go Ripple's way – Judge Analisa Torres denied a motion from both Ripple and the SEC. This news hit XRP hard and caused it to lose ground against Bitcoin. You'd think this would crush investor confidence, but the opposite seems to be happening.
Social media sentiment tells a wild story. XRP's bullish-to-bearish comment ratio just hit 2.1:1 – the highest it's been in over two weeks. People are literally more optimistic about XRP than Bitcoin and Ethereum right now, which is pretty crazy considering the legal mess.
Bottom line: $4.07 billion doesn't just appear in futures markets by accident. Whether you're bullish or bearish on XRP, this level of commitment from traders suggests they're expecting major moves ahead. The question isn't if something will happen – it's when and in which direction.
Saad Ullah
