Record CME XRP Futures Open Interest Sparks ETF Optimism
CME XRP Futures open interest reached a record 12 million XRP (≈$9.02 billion), signaling rising institutional demand ahead of potential spot XRP ETF approvals. While total futures OI later cooled to $7.3 billion as XRP’s price dipped from $3.60 to $2.80, reduced selling by whale cohorts holding 10 million–1 billion tokens established support at $2.80. If large holders resume accumulation, a price rebound is likely. Market watchers view robust CME XRP Futures activity as a positive signal for spot XRP ETF timelines, though approvals remain subject to regulatory review. Meanwhile, Chainlink (LINK) outperformed XRP with roughly 75% gains this quarter, reflecting momentum rotation. Key catalysts for XRP’s recovery include renewed whale bids, ETF progress and stabilization in open interest matched by rising prices.
Bullish
The record high in CME XRP Futures open interest underscores strong institutional conviction, mirroring past surges ahead of spot Bitcoin ETF approvals that preceded significant price rallies. Reduced whale selling has established a firm support level at $2.80. Should these large holders resume accumulation, XRP is poised for a sharp rebound. Additionally, elevated futures activity often influences regulatory sentiment positively, improving the prospects for a spot XRP ETF. In the short term, renewed whale bids and stability in open interest could drive immediate upside. Over the longer term, actual ETF approval catalysts would likely draw fresh institutional flows, sustaining a bullish trajectory.