XRP is experiencing rapid growth, reaching a record market capitalization of nearly $195 billion, accompanied by a significant price increase of more than a third over the week.
This is reported by Finway
Price and Open Interest Growth
- Open interest in perpetual contracts for XRP has reached $10 billion.
- Exchanges are recording rising funding rates and demand for long positions.
- Investors are betting on institutional adoption and favorable regulation in the U.S.
In the last 24 hours, the price of XRP surged over 8%, reaching $3.29, the highest level in the past six months, according to TradingView data. At the time of publication, the market capitalization of the coin stands at $194.8 billion.
Over the past week, the XRP price has increased by 36.9%. Analysts attribute this sharp rise to a significant increase in open interest in perpetual futures, as well as optimism among traders regarding potential changes in the regulatory landscape.
Market Sentiment and Growth Factors
According to CoinGlass, the total open interest in XRP perpetual futures has reached $10 billion, equivalent to over 3 billion XRP. This marks a new historical high, surpassing the previous record of $8.3 billion set in January 2025. The largest trading volumes are seen on exchanges Bitget ($2.19 billion) and Binance ($1.62 billion).
Experts note an increased “bullish” sentiment in the XRP market. On most trading platforms, funding rates remain positive and continue to rise, indicating traders’ willingness to pay premiums for holding long positions. Amberdata analysts highlight the intensification of the fear of missing out syndrome among investors.
“When people are prone to the fear of missing out and believe the price will rise, they are willing to pay a higher interest rate to take a long position,” said Greg Magadini, Director of Derivatives at Amberdata.
Additional demand for XRP is also observed among retail investors. Meanwhile, the integration of the asset into regulated services strengthens its position. Messari analyst Matt Kreiser emphasizes that the built-in compliance features within the XRP Ledger make the asset attractive amid discussions on stablecoin legislation.
An important factor remains the conclusion of a multi-year legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Expectations of a market-positive resolution to the case bolster optimism regarding XRP’s further strengthening amid an improving regulatory climate, analysts believe.
It is worth noting that Ripple plans to apply for a MiCA license to operate in the European Union market.