- XRP futures volume jumps, overtaking Solana in derivatives trading.
- Legal clarity boosts XRP’s market activity and speculative investor interest.
- ETF speculation fuels XRP accumulation despite potential volatility risks.
XRP has seen a significant boost in derivatives trading, with market data showing a surge in futures volume and open interest. According to Glassnode, XRP’s 24-hour trading volume in futures reached $12.4 billion, marking a sharp 208 percent rise.
This increase allowed XRP to overtake Solana in the same metric, with SOL recording $9.6 billion during the same period. The difference between the two assets currently is 2.8 billion dollars in favor of XRP.
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Open Interest Climb Signals Strong Speculative Demand
XRP’s open interest also expanded during this period, rising more than 15 percent to $5.9 billion. It is an indicator of the amount of outstanding futures contracts in terms of value and indicates an increase in speculative positioning.
According to analysts, the increased activity is attributed to the resurgence in optimism after Ripple and SEC dismissed appeals. The two’s acquiescence in withdrawing their appeals allowed market clarity that XRP is not a security.
The bullish attitude in the market has accompanied speculation about the approval of an XRP exchange-traded fund. A number of applications with the SEC are in the pipeline, and the new legal solution is regarded as clearing a significant hurdle.
Price Gains and Market Risk Outlook
XRP’s price climbed 7.6 percent over the past day, moving from just above $3 to a high of $3.38 before easing to $3.27. This increase can be attributed to the high demand from traders who were ready to take action regarding potential ETF developments.
Although the sentiment was upbeat, market observers warn that there is a possibility of a serious risk in leveraged positions in case of a sudden U-turn in the trade. The open interest is at high levels; hence, abrupt moves in prices may cause massive liquidations.
The surge in XRP’s futures activity has shifted market attention toward the asset, especially with its volume and open interest surpassing Solana. The recent legal clarity and ETF speculation have fueled accumulation, though traders remain exposed to volatility if market dynamics change quickly.
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