XRP Surges 2.96% as Derivatives Open Interest Hits $9B Amid ETF Speculation and Regulatory Shifts

XRPUSDT has experienced a 2.96% price increase over the past 24 hours, with the current price at 3.4966 USDT according to Binance data. This upward movement is primarily attributed to heightened trading activity, as evidenced by record open interest in XRP derivatives reaching $9 billion and a 203% surge in trading volume to $15.53 billion. Key drivers include ongoing speculation around a potential spot XRP ETF, recent regulatory developments such as the passage of the GENIUS Act in the US, and continued attention on the Ripple vs. SEC case. Additional factors influencing market sentiment include Ripple’s new partnership for real estate tokenization in Dubai and notable XRP transfers by Ripple’s co-founder.

Currently, XRP ranks as the third-largest cryptocurrency by market capitalization at approximately $207.12 billion, with a 24-hour trading volume of $7.01 billion and a circulating supply exceeding 59.18 billion coins. The asset has shown significant volatility, with a 24-hour price range between 3.3555 and 3.5350 USDT, and has posted strong gains over the past week and month, reflecting renewed investor interest amid broader market activity.