XRP futures open interest has surged to 1.66 billion XRP, marking a 2.56% jump in just 24 hours. The rise signals renewed trader engagement and fresh capital entering the market. As a measure of all active, unsettled futures contracts, open interest provides a real-time gauge of conviction, leverage, and positioning, suggesting growing momentum in XRP’s derivatives landscape. Unlike trading volume, which reflects how much has changed hands, open interest reveals how much capital is still actively committed to the market.
A rise in open interest during price stabilization typically signals fresh positions being opened, not just old ones being unwound. For XRP, the expanding derivatives activity suggests traders are positioning aggressively at a decisive technical inflection point. Meanwhile, XRP continues to defend a nine-year macro support level, with bulls eyeing an ambitious move toward the $10 zone, a target that, if momentum sustains, could redefine its long-term market structure.
Well, February was a volatile month for XRP. Amid a broader market pullback, the token tumbled to $1.11 before rebounding to around $1.37, according to CoinCodex data. While the recovery appears modest, it aligns with a notable rise in futures positioning, signaling growing speculative activity and prompting fresh questions about whether traders are hedging risk or positioning for a breakout. Rising open interest during recovery phases often reflects strengthening trader conviction.
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