XRP surged more than 8% overnight, reaching $3.29 - the highest in six months, according to TradingView. At the time of writing, the market capitalization of this asset is $194.8 billion.
In the past week, the price of XRP has increased by 36.9%. Analysts believe that this growth is due to a significant rise in open futures contracts and trader optimism in the context of potentially relaxed regulations.
According to CoinGlass, the total open positions in perpetual XRP futures have reached $10 billion, equivalent to over 3 billion XRP. This figure surpasses the previous high of $8.3 billion recorded in January 2025. Bitget and Binance are the leaders in volume, with $2.19 billion and $1.62 billion respectively.
According to many experts, the market is showing a distinct bullish sentiment. Across most platforms, the funding rates are positive and continue to rise. This means that traders betting on price increases are willing to pay extra fees to hold their positions. Analysts from Amberdata have noted that investor behavior shows signs of FOMO (Fear of Missing Out) sentiment.
Greg Magadini, the derivatives product director at Amberdata, stated: "When people fear missing an opportunity and believe prices will rise, they are willing to pay higher funding fees to hold long positions."
Experts believe that the popularity of XRP among retail investors also drives demand. Additionally, the potential for XRP to be integrated into regulated services contributes to this demand. According to analyst Matt Kreiser from Messari, the infrastructure of the XRP Ledger includes integrated compliance features, making this asset promising amid ongoing discussions about stablecoin-related legislation.
The recent price increase may also be influenced by the resolution of a lengthy legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). As the case nears its conclusion, analysts believe that an improved legal environment could be a potential driver for the next XRP price surge. $XRP
