Ripple’s XRP Futures Open Interest Hits 5-Month High

Ripple’s XRP futures open interest surged to $800M on July 7, 2025, reaching the highest level since January. Institutional activity and bullish bets are driving this increase on exchanges like Binance and Deribit.

The surge in XRP futures indicates growing institutional confidence and sets the stage for potential long-term price movements.

Ripple’s XRP has reached an open interest of $800M, the highest in five months, driven by institutional participation. The upward trajectory is powered by activities on major platforms including Binance and Deribit. Grayscale’s inclusion of XRP in its fund underscores this trend, highlighting the asset’s increased institutional adoption. The ripple effect has influenced XRP’s spot price, pushing it to a rally of 4.5%, reaching $2.35 before normalizing. Over 182 million XRP were traded during peak hours, indicating significant market engagement.

“The current chart pattern of XRP resembles a classic triangle formation, which often leads to breakouts. Based on a 334-day triangle pattern, breakouts historically occur between 75% and 95% of the pattern’s duration, placing the expected window between early July and mid-September 2025. XRP could aim for a much higher price at around $17.50, evaluating past market cycles.” – EGRAG CRYPTO, Analyst

The broader implications could involve increased market volatility and price targets, potentially affecting correlated cryptocurrencies such as ETH and BTC. Insights from analysts suggest potential breakouts, with XRP potentially aiming for more ambitious highs. Market participants will monitor developments closely for potential financial shifts and strategic positioning. The industry awaits further regulatory clarity and official updates to gauge the full impact on the cryptocurrency landscape.