The cryptocurrency XRP rose by more than 8% in a day, reaching $3.29 — the highest level in the last six months, according to TradingView. At the time of preparing this material, the market capitalization of the asset stands at $194.8 billion.
In the last week, the XRP price jumped by 36.9%. Analysts attribute the rise to a sharp increase in open interest in perpetual futures and traders' optimism amid potential regulatory easing. According to CoinGlass, the total open positions in XRP perpetual futures reached $10 billion, corresponding to over 3 billion XRP. This figure broke the previous record of $8.3 billion set in January 2025. The leaders by volume remain Bitget and Binance, controlling $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 rise. This means that traders betting on growth are willing to pay a premium to hold their positions. Amberdata analysts noted that investor behavior indicates FOMO.
"When people are prone to the fear of missing out and think that the price will rise, they are willing to pay a higher interest rate to take a long position," said Greg Magadini, Director of Derivatives at Amberdata.
The popularity of XRP among retail investors is also fueling demand, experts believe. Additionally, the cryptocurrency gains further momentum from the possibility of its integration into regulated services. According to Messari analyst Matt Kraizer, the XRP Ledger infrastructure contains built-in compliance features, making the asset promising amid discussions of stablecoin legislation.
The rise in price is likely also influenced by the conclusion of a multi-year legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). As the case approaches its conclusion, the market perceives the improvement in the regulatory climate as a potential driver for further strengthening of XRP, analysts are confident.
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