Main navigation

Advertisement
AD

$3,950,000,000 XRP in 24 Hours, Big Twist in Futures Market

Fri, 20/06/2025 - 14:41
XRP is in spotlight amid major uptick in open interest
Advertisement
$3,950,000,000 XRP in 24 Hours, Big Twist in Futures Market
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

XRP has recorded a bullish twist as investors bet on the asset’s futures market. This has sparked traders to commit $3.96 billion for over 1.8 billion XRP in the last 24 hours. According to CoinGlass data, the fiat currency has seen up to 1,820,000,000 XRP wagered on the futures market.

Advertisement

Futures spike sparks XRP price recovery

This is an uptick of 0.92% in open interest. Open interest represents the number of investors’ open futures or options contracts in XRP and fiat currency. The slight increase suggests investors have reawakened interest in the asset.

You Might Also Like

The increased interest has triggered a price reversal. As of press time, XRP was trading at $2.17, representing a 0.8% increase in the last 24 hours. However, the trading volume has not climbed out of the red zone, remaining at a 26.84% decline at $1.8 billion within the same time frame.

Some investors are not in any hurry to begin acquiring the XRP just yet. They could be waiting to see how XRP performs with this price rebound and whether the coin’s recovery is sustainable.

The caution might have been triggered by whales recently dumping large volumes of XRP on a notable crypto exchange. As per Whale Alert, an unknown large holder transferred $58 million worth of XRP into Coinbase, sparking speculation.

XRP Ledger milestone and ETF optimism

Despite this caution, XRP's resilience is shining through as the network shows the potential to catalyze a sustained recovery. The XRP Ledger recently reached a significant milestone in network activity, processing over 12 million transactions in 24 hours.

You Might Also Like

Market participants consider this milestone indicative of renewed confidence in the XRP ecosystem, which could ultimately positively impact price.

Meanwhile, the approval odds for a possible XRP exchange-traded fund (ETF) have climbed to 90% on Polymarket. The spike signals a positive shift in the digital currency market as concerns XRP.

Advertisement
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Our social media
There's a lot to see there, too

Popular articles