XRP Nears All-Time High as Futures Open Interest Soars to $10B
XRP is closing in on its all-time high of $3.40, rallying to $3.30 during Wednesday’s Asian trading hours. This marks the token’s closest approach to its January 2018 peak, with the price now just under 4% below that record.
Driving the momentum is a significant surge in futures open interest, which reached $9.98 billion across major exchanges. That’s a 26% increase in the past 24 hours, marking the highest level since 2021.
Traders Stay Bullish Despite Overbought Signals
Funding rates remain elevated, showing that traders continue to favor long positions. While technical indicators—notably the RSI—are flashing overbought signals (above 80 on the 4-hour chart), bullish conviction hasn’t waned.
According to CoinDesk Analytics, the next key resistance levels lie between $3.50 and $3.84, which could come into play if momentum sustains.
Whales Accumulate as Institutional Confidence Grows
Data from WhaleTrace reveals that over 2.2 billion XRP have been accumulated by large holders in the past two weeks. Some of this buying coincides with leveraged XRP ETFs going live in the U.S., along with Grayscale’s announcement that XRP is now part of its Digital Large Cap Fund.
The combination of whale activity, rising open interest, and institutional adoption points to growing confidence in XRP’s long-term value.
More…
- https://www.coindesk.com/markets/2025/07/18/xrp-rockets-20-to-set-record-highs-with-10-price-target-in-play
- https://www.coindesk.com/markets/2025/07/17/xrp-nears-record-high-of-340-as-futures-open-interest-hits-10b
- https://cointelegraph.com/news/xrp-200b-market-cap-for-the-first-time-price-nears-record
