Summary
⚈ XRP open interest rose 28% since April 15, nearing a 1-month high at 1.51 billion.
⚈ XRP price surged 10.52% to $2.31, bringing 2025 year-to-date gains to 11.32%.
⚈ New XRP ETFs and upcoming CME options launch contribute to growing speculative sentiment.
XRP open interest is nearing a 1-month high, per data retrieved by Finbold from cryptocurrency on-chain and market data analytics platform CryptoQuant.
To be more precise, as of April 27, some 1.51 billion derivatives positions were open, marking a roughly 28% increase from a 1-year low of 1.18 billion positions on April 15.
Coupled with recent increases in XRP’s price, the rise in open interest suggests a widespread bullish sentiment.
At press time, the cryptocurrency was changing hands at a price of $2.31, having marked a 10.52% surge from the $2.09 price point seen on April 15 which has brought year-to-date (YTD) gains up to 11.32%.
This latest increase in speculative positions coincides with several tailwinds currently at play.
On April 25, the world’s first spot XRP exchange-traded fund (ETF) went live. ProShares will launch XRP futures ETFs on Wednesday, April 30 — while the world’s largest derivatives market, CME Group, will introduce XRP options trading on May 19.
While it remains to be seen whether or not XRP can hold levels above $2.31, both token-specific and wider market dynamics currently appear to be favorable for a continued rise.
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