XRP Futures Surpass $30 Billion Open Interest at CME

Key Developments

CME Group's crypto futures surpassed $30 billion in notional open interest, with SOL and XRP futures each exceeding $1 billion.
XRP became the fastest contract to reach this milestone, achieving it in over three months.
The market shows signs of maturity and increased institutional investment in derivatives.
Broader crypto markets remained stable, though regulatory pressures in the U.S. affect XRP compared to peers.
XRP is of interest to corporate treasury desks amid ongoing volatility.

XRP traded between $2.98 and $2.84 during the session ending August 26 at 14:00.
On August 25, XRP dropped from $2.96 to $2.84 on high volume of 217.58 million tokens.
The token rebounded to $2.92, establishing $2.84 as critical support.
In the last hour of trading, XRP rose 0.7% from $2.90 to $2.92, indicating new corporate participation.

$2.84 confirmed as support with significant sell pressure absorption.
Resistance noted at $2.94–$2.95, with profit-taking limiting upward movement.
RSI improved from 42 to mid-50s, indicating stabilizing momentum.
MACD histogram tightening suggests a potential bullish crossover.
Weekly momentum divergence points to compressed volatility, signaling a possible breakout.
Order books show concentrated institutional bids above $3.60, indicating strategic positioning ahead of regulatory changes.

Bulls target $3.70 if the $2.90–$2.92 base holds.
Bears identify $2.80 as a critical downside trigger that could lead to accelerated losses.
CME’s $1B open interest in XRP futures will serve as an important gauge of institutional confidence.