XRP futures open interest on Binance has surged beyond the $1 billion threshold, reaching $1.33 billion with trading volumes exceeding $3.82 billion. The XRP/USDT pair contributed significantly to this milestone, accounting for $1.05 billion of the total open interest.
The platform simultaneously recorded 4.04 million XRP futures trades, setting the highest trade count observed on any major cryptocurrency exchange. This activity spike reflects heightened market engagement and bullish sentiment toward XRP.
Analysts attribute the surge to two key Ripple developments: progress in the company’s ongoing legal case with the U.S. Securities and Exchange Commission and its recent $200 million acquisition of digital asset certification platform Rail. The acquisition is expected to significantly enhance Ripple’s global payment infrastructure, potentially increasing XRP’s utility in cross-border transactions.