Ripple (XRP) Volumes Surge 140% as CBOE Confirms XRP ETF Listing

The price of XRP crossed $3.10 on September 18, showing a 5% increase over the past week. This rise is attributed to the Fed rate cut and the launch of XRP ETFs by Rex Osprey. The first U.S.-issued ETFs for Spot Dogecoin and Spot XRP are now trading on the CBOE exchange.

  • XRP derivatives markets indicate significant market activity, with futures trading volumes rising 140% to over $10 billion.
  • Open interest in XRP increased by 6.7%, reaching $9 billion, suggesting new capital inflows.

Despite facing resistance at $3.10, potential for further growth exists if XRP maintains its momentum above this level, possibly reaching $4 as institutional ETF inflows continue.

Ripple (XRP) Derivatives Markets Analysis | Coinglass

Rex Osprey's Solana Staking ETF has attracted nearly $300 million since its launch, with Solana rising 68% in price, indicating strong investor interest in crypto ETFs.