Open interest rose 2.43% to $4.77B, and trading volume jumped 26.02%, signaling renewed trader interest amid market consolidation.
A large decrease of 80.70% in options trading was seen, while open interest rose ever so slightly, pointing to people still expecting long-term movement in the market.
The fluctuation of XRP is between $2.28 and $2.35, though rising futures trading signals a change and possible rise in volatility.
There is a slight but clear rise in trading activity for XRP derivatives from both institutional and retail investors. Even though the spot price for the token fell 1.9% to $2.34, recent data shows traders are buying futures contracts again, as revealed by a rise in open interest.
XRP Derivatives See Surge in Interest and Volume
According to current derivatives data, XRP’s open interest has climbed by 2.43%, reaching $4.77 billion. "Open interest measures how much money is tied up in active trades. When it rises, it usually means more traders are jumping in—often a sign that volatility could be on the way.
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At the same time, the daily trading volume for XRP derivative products increased significantly by 26.02% to reach $3.12 billion. Such a move means futures participants are more active, as the spot price approaches important support and resistance points.
Options Slide as Traders Shift to Futures, Open Interest Holds
However, a sharp drop in options volume presents a contrasting trend. The figures show options volume fell by 80.70% to a mere $432.88K. This may be a sign of short-term suppression of spec collateral in wagers via options, while players in the market can redirect their interest in directional bets via futures. Despite the drop, options open interest continued to rise modestly by 1.42%, now at $1.93 million—suggesting there are still some traders who hold longer-term positions.
Price Outlook and Technical Levels
From a technical perspective, XRP is currently moving in a narrow band with the support at $2.28 and resistance found at $2.35. Since trading is currently narrow, the market is showing signs of uncertainty and may wait for stronger directions from important crypto markets or economic factors.
Even though the spot price has backed off slightly, the increase in activity and interest in derivatives reveals many traders are coming back to the market. It suggests that XRP could see higher volatility soon, mainly when it exits its existing trading range.
