XRP Futures Open Interest Hits $4.56B Amid Stability

Key Takeaways
- Open interest for XRP futures has surged to nearly 5 billion USD.
- The XRP price remained stable around 2.30 USD despite the increase.
- The U.S. Securities and Exchange Commission (SEC) is currently reviewing the application for the “WisdomTree XRP Trust.”
- From a technical perspective, resistance is seen between 2.40 and 2.70 USD, while support lies between 2.10 and 2.20 USD.
What Is Open Interest and Why Does It Matter?
Open interest refers to the total number of open derivative contracts—such as futures or options—that have not yet been closed. An increase in this value indicates growing trading interest. For XRP, open interest currently stands at approximately 4.56 billion USD. This suggests that many traders are positioning for price movements—both upward and downward.
The largest shares of open interest come from:
- Binance: 895.58 million USD
- Bybit: 760 million USD
- Gate.io: 750 million USD
- MEXC: 206.94 million USD
A high open interest alone does not guarantee price increases. What matters is whether the interest is dominated by buyers or sellers.
Current XRP Price Action
Despite the rise in open interest, the XRP price remained stable at around 2.30 USD. In recent days, the price dipped slightly by 0.80% to 2.2983 USD. From a technical standpoint, the price is moving within a narrow range between 2.20 and 2.70 USD.
Key price levels:
- Support: 2.10 to 2.20 USD
- Resistance: 2.40 to 2.70 USD
A breakout above 2.40 USD could pave the way toward 2.70 USD. Conversely, if the price falls below 2.20 USD, a decline to around 2.10 USD is possible. Several “Change of Character” (CHoCH) signals point to a weakening bullish momentum.
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SEC Reviewing XRP Product from WisdomTree
Alongside price developments, the U.S. SEC is currently reviewing the application by Cboe BZX Exchange to approve an XRP-based investment product—the “WisdomTree XRP Trust.” The SEC has extended its decision deadline, and a final assessment is still pending.
The ongoing review signals that XRP is increasingly attracting institutional investor attention. Approval could lead to greater trust and liquidity in the market over the medium term. However, the regulatory environment remains uncertain.
What Does This Mean for You as a Trader?
If you’re trading XRP, you should closely monitor the technical setup and behaviour around the support and resistance zones. A stable price amid rising open interest may indicate an impending directional move. The SEC’s decision on the XRP product could also trigger a price surge—or increase uncertainty.
Keep an eye on:
- Reactions around 2.10–2.20 USD (support)
- Movements above 2.40 USD (resistance)
- Open interest developments in the coming days
- Updates on the SEC decision
Our Assessment
The sharp rise in XRP open interest shows that traders are once again betting on movement in the cryptocurrency. Yet, the price remains stable for now. This suggests a wait-and-see attitude in the market. Technical analysis highlights clear levels where the next moves may be determined.
The ongoing SEC review of the WisdomTree XRP Trust is another factor that could drive market action in the medium term. For traders, this means: pay close attention to price levels and news. Those who stay informed can potentially benefit from the current market tension.