Overview
- Open interest across XRP futures and perpetuals surged by roughly 80% within a four‑hour window, reversing a prior decline in activity.
- CoinGlass data cited in the reports puts outstanding contracts near 1.74 billion XRP, or about $3.26 billion in notional exposure.
- The move comes as XRP’s spot price hovers around $1.87 with modest gains of about 0.3% over 24 hours and 0.8% over the past week.
- Analysts say a fast rise in open interest alongside small price increases typically reflects new leveraged positions being added.
- Elevated leverage could fuel a short squeeze if resistance breaks or exacerbate losses if price momentum fades.