Key Takeaways:
$XRP jumped over 12% in 24 hours, outperforming Bitcoin and other top altcoins
Open interest in XRP futures reached $7.2 billion, nearing its January peak of $8.3 billion
Ripple’s political engagement and Trump’s pro-crypto stance may be fueling investor optimism
While Bitcoin continues to break new all-time highs, XRP has quietly emerged as the standout performer in the crypto market. Over the past 24 hours, XRP surged more than 12%, becoming the top gainer among the top 10 cryptocurrencies. Its price currently hovers around $2.79, and open interest in XRP futures has climbed to $7.2 billion, just shy of its January record.
This spike in open interest signals renewed trader confidence and growing speculative activity around Ripple’s native token. Despite still being 18% below its 2018 all-time high of $3.40, XRP’s momentum suggests it may be gearing up for another major move.
Open Interest Signals Market Momentum
Open interest, which reflects the total value of unsettled futures contracts, is a key indicator of market sentiment. $XRP recent rise from a low of $3 billion in April to $7.2 billion marks its highest level in nearly six months.
This surge suggests that both institutional and retail traders are positioning themselves for potential price volatility. Historically, such spikes in open interest have preceded significant price action, and XRP’s current trajectory could be no exception.
Ripple’s Political Play and Investor Sentiment
Ripple’s strategic involvement in U.S. crypto policy may also be contributing to XRP’s bullish outlook. The company donated to a pro-crypto super PAC during the recent election cycle, aligning itself with President Trump’s pro-digital asset agenda.
With the administration taking steps to support blockchain innovation, XRP is benefiting from increased visibility and investor confidence. As regulatory clarity improves, XRP could see further adoption and price stability, making it a token to watch in the coming weeks.