XRP Just Flipped Belarus’ GDP as Open Interest Rockets to $3.56B

XRP Market Cap Surges Past Belarus’ GDP as Open Interest Hits $3.56B

XRP is making waves again after its market capitalization climbed above the estimated size of Belarus’ economy, marking another eye-catching milestone in its recent rally.

According to data cited by on-chain metrics provider BankXRP, XRP’s market cap has reached roughly $94 billion, edging past Belarus’ estimated $93.4 billion 2025 GDP, based on World Bank figures. 

With XRP trading at $1.51 per CoinCodex data, the comparison highlights how quickly the token’s overall market valuation has grown.

More notably, XRP’s rise is even more striking against traditional financial companies. The token has reportedly moved above Intercontinental Exchange (ICE) in market capitalization. 

ICE owns and operates major financial infrastructure, including the New York Stock Exchange, making the comparison notable given XRP’s volatility and relatively young position in global finance.

Lithuania could be next. Its estimated 2025 GDP stands at around $95.2 billion, meaning XRP would need only a modest increase in market cap to surpass that figure.

XRP Open Interest Surges to $3.56B as Whale Accumulation Fuels Breakout Momentum 

Meanwhile, derivatives activity is adding fuel to the market narrative. Market commentator ChartNerd reported that XRP open interest has surged from roughly $2.3 billion to $3.56 billion. 

Therefore, the increase points to heavier positioning in futures and perpetual contracts, although it does not indicate whether traders are predominantly bullish or bearish.

Higher open interest can amplify both gains and losses, particularly when leverage builds up and liquidations begin to cascade.

The momentum comes as XRP recently broke out of a 2-week trading range, while large holders are said to have accumulated approximately 190 million XRP in a single day. 

Growing market capitalization, rising derivatives activity and whale accumulation have combined to put XRP firmly back in the spotlight.

XRP has also entered the broader U.S. crypto policy debate following a Newsmax interview involving Vice President JD Vance, where a question connected XRP and other digital assets to U.S. debt and potential crypto reserves. 

Therefore, this development reflects the growing conversation around crypto’s potential role in the financial system.

For XRP bulls, the bigger question is whether the rally can hold through sustained spot-market demand, rather than leverage alone. With reported open interest at $3.56 billion and XRP closing in on Lithuania’s economic output in this unusual comparison, traders will be watching closely for the token’s next major move.