The cryptocurrency XRP is showing significant growth, recording a daily price increase of over 8% and reaching $3.29. This is the highest level in the past six months, with the asset’s market capitalization at $194.8 billion.
This is reported by Business • Media
Rapid Growth in Open Interest and Exchange Activity
- Open interest in perpetual contracts for XRP has reached $10 billion.
- Exchanges are reporting an increase in funding rates and demand for long positions.
- Investors are betting on institutional adoption and favorable regulation in the U.S.
Over the past week, XRP has risen by 36.9%. Experts explain this dynamic by the sharp increase in open interest for perpetual futures, as well as positive expectations from traders regarding market regulation.
According to CoinGlass data, the volume of open positions in XRP futures has reached $10 billion, equivalent to over 3 billion XRP. This is a historical high, surpassing the previous record of $8.3 billion set in January 2025. The leaders by volume are Bitget ($2.19 billion) and Binance ($1.62 billion).
Bullish Market Sentiment and Factors Driving XRP Growth
Most exchanges are reporting positive funding rates, indicating a dominance of optimistic sentiment among traders. Market participants expecting further growth in XRP are willing to pay premiums to maintain long positions. Amberdata analysts point to the presence of FOMO among investors.
“When people are prone to the fear of missing out and think the price will rise, they are willing to pay a higher interest rate to take a long position,” said Amberdata’s derivatives director Greg Magadini.
Demand for XRP is also being bolstered by retail investors. Additionally, the prospect of integrating the token into regulated financial services has a positive impact. According to Messari expert Matt Craizer, the XRP Ledger infrastructure already has built-in compliance features, making the asset attractive amid discussions of legislative initiatives regarding stablecoins in the U.S.
Another driver of growth has been the conclusion of a lengthy legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The market views the improvement in the regulatory climate as a potential catalyst for further stabilization and growth in XRP’s value.
It is worth noting that Ripple is preparing to apply for a MiCA license to operate in the European Union market, which could also positively impact the company’s positions and the crypto asset.