XRP Nears 2018 High as Futures Open Interest Hits Record $11 Billion Amid Growing Institutional Interest
2025-07-20 12:42:52
Main Idea
XRP's price surge and record $11 billion futures open interest reflect growing institutional confidence, driven by regulatory clarity and technological upgrades to the XRP Ledger.
Key Points
1. XRP's price surged 25%, nearing its 2018 peak of $3.84, with a record $11 billion in futures open interest.
2. Large whale transactions, such as a $70 million transfer to Coinbase, have not dampened XRP's upward momentum.
3. Institutional platforms like Bitget and CME Group dominate XRP futures, with Bitget holding over 20% of open positions ($2.2 billion) and CME reaching $630 million.
4. Regulatory clarity from Ripple's settlement with the SEC and XRP Ledger upgrades have bolstered investor confidence.
5. The bullish outlook for XRP is supported by institutional engagement and a recovering crypto market.
Description
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