$XRP Hits 6-Month High as Open Interest Reaches Records


$XRP surged to $3.05, marking a 5.1% daily gain and hitting its highest level in six months.


Notional open interest for $XRP perpetual futures surpassed $8.8 billion, breaking previous records.


The milestone exceeded the previous peak of $8.3 billion set in late January before #Trump's inauguration.


#Bitget and #Binance controlled the largest leveraged positions at $1.94 billion and $1.48 billion, respectively.


Positive funding rates across most venues indicated bullish sentiment as traders paid premiums for long exposure.


$XRP has gained 420% over the past year, reaching as high as $3.31 within that timeframe.


Analysts point to regulatory tailwinds and institutional adoption potential as key drivers for the #Ripple-linked token.

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July 17, 2025 at 12:38 AM
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