XRP’s price jumped more than 12% within 24 hours, reaching approximately $2.79 as Bitcoin achieved unprecedented record highs. This significant uptrend outperformed other major cryptocurrencies and showcased robust market momentum.
Open interest for XRP futures contracts simultaneously climbed to $7.2 billion—the highest monthly level recorded—bringing it near the all-time high of $8.3 billion. The surge reflects heightened trader activity and enhanced liquidity within XRP markets.
Market analysts note Bitcoin’s rally has positively impacted altcoins like XRP, though the digital asset remains 18% below its 2018 peak of $3.40. Concurrently, Ripple’s strategic engagements—including contributions to pro-crypto political initiatives—could influence regulatory developments and broader adoption.
Investors continue monitoring XRP’s market behavior closely, viewing its current dynamics as indicative of growing significance in the cryptocurrency ecosystem.