NewsBTC

23 August 2025

6 0

XRP Open Interest on CME Futures Reaches New All-Time High

XRP open interest on CME Group reached an all-time high, indicating increased demand from institutional investors.

CME XRP Futures Open Interest Hits ATH

• XRP futures open interest surpassed 6,000 contracts on August 18.
• Over 251,000 contracts have been traded since launch in May, with a trading volume of $9.02 billion.
• A record $235 million was traded in a single day in July.
• Current XRP trading volume surged 142% to $16.46 billion; open interest increased 8% to $8 billion.

This activity suggests bullish potential for XRP prices. The absence of spot XRP ETFs has led TradFi investors to engage heavily in futures products, anticipating future demand for these funds.

Market Outlook

• Analyst CasiTrades indicates potential resistance at $3.21, with current XRP trading around $3.02, up over 5% in the last 24 hours.
• Strong market momentum is expected to continue, with only a brief pause at resistance levels.