XRP captured market attention after a sudden rise in price, which triggered a sharp increase in investor activity. The digital asset’s latest price move fueled a surge in futures trading as traders poured billions into positions anticipating a bullish breakout.
According to CoinGlass, XRP’s open interest rose by 5.11 percent within 24 hours, bringing the total value of futures contracts to $4.26 billion and representing around 1.85 billion XRP placed by speculators.
After falling to a low of $2.25 on the daily charts, the asset rose to $2.33 and then dropped slightly. In the most recent trading session, XRP was trading at $2.28 and is up by 0.93 percent from its earlier price.
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On top of record interest, the number of XRP transactions increased, with the network recording a boost of 800 million in daily transaction volume, reflecting renewed participation from traders and holders alike.
Market experts explain that traders are gaining more self-assurance after recent events, including XRP falling to $2.09. Assets bounced off $2.00 and are now standing steady near important resistance spots.
Technical signals suggest a breakout could be forming, with bullish indicators aligning across multiple timeframes. The recent price action and volume growth are being closely watched as possible signs of an upcoming rally.
Rising ETF Speculation Adds Fuel to Bullish Outlook
Speculation surrounding a possible XRP exchange-traded fund has further energized the market. Talks of BlackRock showing interest in the spot XRP ETF space have circulated widely despite no official confirmation.
BlackRock hadn’t previously confirmed that it was exploring a window for an XRP ETF. However, recent market behavior hints at growing expectations for a policy shift, which could influence U.S. regulatory attitudes toward XRP-based investment products.
Many Polymarket bettors expect the SEC to give its approval before the year 2025 ends. Recently, Paul Atkins led the agency as it faced requests to increase the number of crypto ETFs available to investors.
With more investors feeling positive, XRP is gaining attention as people await a possible break of key price regulations.
XRP’s price increase has set off a trading frenzy, with billions flowing into futures contracts. Combined with rising transaction volume and ETF speculation, the current trend positions XRP for a possible significant move.
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