Saad Ullah
XRP (Ripple) skyrocketed above $3.32 as investor interest surged. Over $12.4 billion poured into the futures market, fueling bullish momentum and renewed optimism.
XRP Price Rally Catches Everyone Off Guard
XRP just witnessed a wild 200% surge in open interest over 24 hours, with traders jumping into futures positions like crazy.
This isn't just another pump – XRP actually flipped Solana in trading volume. Glassnode shows XRP hit $12.4 billion in 24-hour volume (208% jump), while Solana managed $9.6 billion. That's a $2.8 billion gap.
XRP (Ripple) Open Interest Hits $5.9 Billion
The real story? XRP's open interest jumped 15% to $5.9 billion, meaning tons of unsettled futures contracts. When this happens, traders are feeling confident about price direction.
The timing's perfect too. The Ripple vs. SEC drama finally ended with both sides dropping appeals. Translation? XRP is officially not a security, and that regulatory cloud is gone.
XRP Price Hits $3.32 as ETF Hopes Build
XRP is trading at $3.32, up 7.6% in 24 hours. The coin shot from around $3 to $3.33 before settling current levels.
All this leveraged trading is risky – if sentiment flips, liquidations could get ugly. But traders are betting on something bigger: a potential XRP ETF approval. Several applications sit with the SEC, and with legal issues cleared, the path looks much clearer.
Saad Ullah
