XRP Futures Set Open Interest Record at CME, With $3.70 Eyed Next

3 hours ago 2

News Background

CME Group said its crypto futures suite has surpassed $30 billion in notional open interest for the first time, with SOL and XRP futures each crossing $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months.
The development is viewed as a signal of market maturity and new institutional capital entering derivatives.
Broader crypto markets remained firm into late August, though regulatory overhang in the U.S. has continued to pressure XRP relative to peers.
Corporate adoption trends and pilot remittance programs keep XRP in focus for treasury desks, even as volatility spikes test investor conviction.

XRP traded through a 5% range between $2.98 and $2.84 in the 24-hour session ending August 26 at 14:00.
The steepest move occurred on August 25 during evening hours, when XRP dropped from $2.96 to $2.84 on 217.58 million tokens — triple its 72.45 million daily average.
The token rebounded to $2.92, with the $2.84 level emerging as critical support as institutional flows stepped in.
In the final hour of trading, XRP rose 0.7% from $2.90 to $2.92 on more than 5.7 million volume, signaling fresh corporate and fund participation.

Support confirmed at $2.84 with high-volume absorption of sell pressure.
Resistance remains at $2.94–$2.95, with repeated profit-taking capping upside attempts.
RSI climbed from oversold 42 back into mid-50s, suggesting stabilizing momentum.
MACD histogram tightening, indicative of potential bullish crossover in coming sessions.
Weekly momentum divergence patterns point to compressed volatility, setting up for a directional breakout.
Order books show concentrated institutional bids above $3.60, signaling strategic positioning ahead of regulatory catalysts.

Bulls see $3.70 as the next upside target if $2.90–$2.92 base holds.
Bears flag $2.80 as the downside trigger, with a break below support likely to accelerate losses.
Derivatives flows now dominate the backdrop: CME’s $1B open interest in XRP futures will be a key barometer of institutional conviction.