• Open interest in perpetual contracts on XRP has reached $10 billion.
• Exchanges are recording growth in funding rates and increased demand for long positions.
• Investors are betting on institutional acceptance and more favorable regulation in the US.

XRP rose more than 8% overnight, reaching $3.29—its highest level in six months, according to TradingView. At the time of writing, the asset’s market capitalization is $194.8 billion.

Over the past week, the XRP price jumped 36.9%. Analysts attribute this growth to a sharp increase in open interest in perpetual futures and trader optimism amid potential regulatory relaxations.

According to CoinGlass, total open positions in perpetual XRP futures have reached $10 billion, which equates to over 3 billion XRP. This figure surpasses the previous high of $8.3 billion recorded in January 2025. Bitget and Binance are the volume leaders, with $2.19 billion and $1.62 billion, respectively.

The market shows a pronounced bullish sentiment, according to many experts. On most platforms, funding rates are positive and continue to grow. This means that traders betting on price appreciation are willing to pay a premium to hold positions. Amberdata analysts have noted that investor behavior points to FOMO.

Experts believe that XRP’s popularity among retail investors also fuels demand. Additionally, the possibility of its integration into regulated services provides an additional boost. According to Messari analyst Matt Kreiser, XRP Ledger’s infrastructure includes built-in compliance features, making the asset promising amid ongoing discussions about stablecoin legislation.

The recent price surge is also likely influenced by the resolution of a multi-year legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). As the case nears its conclusion, analysts believe the improved regulatory climate could be a potential driver for further XRP gains.

• Open interest in perpetual contracts on XRP has reached $10 billion.
• Exchanges are recording growth in funding rates and increased demand for long positions.
• Investors are betting on institutional acceptance and more favorable regulation in the US.

XRP rose more than 8% overnight, reaching $3.29—its highest level in six months, according to TradingView. At the time of writing, the asset’s market capitalization is $194.8 billion.

Over the past week, the XRP price jumped 36.9%. Analysts attribute this growth to a sharp increase in open interest in perpetual futures and trader optimism amid potential regulatory relaxations.

According to CoinGlass, total open positions in perpetual XRP futures have reached $10 billion, which equates to over 3 billion XRP. This figure surpasses the previous high of $8.3 billion recorded in January 2025. Bitget and Binance are the volume leaders, with $2.19 billion and $1.62 billion, respectively.

The market shows a pronounced bullish sentiment, according to many experts. On most platforms, funding rates are positive and continue to grow. This means that traders betting on price appreciation are willing to pay a premium to hold positions. Amberdata analysts have noted that investor behavior points to FOMO.

Experts believe that XRP’s popularity among retail investors also fuels demand. Additionally, the possibility of its integration into regulated services provides an additional boost. According to Messari analyst Matt Kreiser, XRP Ledger’s infrastructure includes built-in compliance features, making the asset promising amid ongoing discussions about stablecoin legislation.

The recent price surge is also likely influenced by the resolution of a multi-year legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). As the case nears its conclusion, analysts believe the improved regulatory climate could be a potential driver for further XRP gains.