XRP Sees Derivatives Spike, Whale Activity, and ET

XRP Sees Derivatives Spike, Whale Activity, and ETF Buzz

XRP demonstrates strong indications of fresh momentum. Open interest has spiked to $7.2 billion, as per Coinglass, indicating increasing demand through the derivatives market. Spot volume has similarly spiked to a record $10.84 billion, which indicates fierce activity in the marketplace.

Meanwhile, the whales have stored over $3.8 billion of XRP, which fuels the bullish setup further. On the fundamental side, Ripple’s RLUSD stablecoin continues to gain adoption, introducing a new use case to its ecosystem.

Regulatory certainty is also increasing, as the SEC has validated that XRP isn’t a security. Speculation, meanwhile, is growing about a prospective XRP ETF, which could spring the floodgates for institutional money.

As the volumes build, the activity of whales, and the regulatory pressure abates, XRP appears closer than ever to a breakout over the $3 ceiling.