🔥 XRP Open Interest on CME Hits All-Time High – Breakout Ahead? 🔥
📊 Key Highlights:
CME XRP futures open interest just hit an ATH of ~6,000 contracts (Aug 18).
Since May launch: 251,000 contracts traded = $9.02B notional volume.
Daily record: $235M traded in July 🚀
Trading volume up 142% to $16.46B, OI up 8% to $8B (Coinglass).
Institutions increasingly using futures for exposure, signaling demand for a spot XRP ETF once approved.
💡 Analyst View (CasiTrades):
Buyers stepping in strong ✅
Next major resistance: $3.21
Possible stall at $3.168, but momentum favors upside 📈
Retest of $2.77 is unlikely before next leg higher.
👉 CME activity = institutional money flowing in.
👉 TradFi wants XRP exposure before ETFs hit.
👉 Sentiment turning decisively bullish.
⚡️ If momentum holds → $3.21 target is in sight!
#XRP #CryptoRally #cme #InstitutionalAdoption $XRP $BTC $ETH