XRP Perpetual Futures Open Interest Hits Record $8.8B Amid Market Surge — XRP Rally Incoming?

Key Points

1. XRP's notional open interest in perpetual futures hit a record $8.8 billion, surpassing the previous $8.3 billion record.

2. Major exchanges Bitget and Binance lead leveraged trading in XRP.

3. XRP's price surged to a six-month high near $3.05, with a 5.1% gain in 24 hours and a 420% rally over the past year.

4. Technical indicators like RSI and MACD show strong bullish momentum, though overbought conditions may signal potential short-term pullbacks.

5. Whale activity and positive funding rates across most venues indicate growing market interest in XRP.