DeFi

XRP ETF

Spot

<p>XRP has hit a new milestone as its futures open interest soaring 17% to $3.91 billion. According to data from CoinGlass, Binance leads the XRP futures market with $1.3 billion contracts, accounting for 32.04% of the total open interest.&nbsp;</p> 
<p>Bybit and Bitget also contribute substantially to the market activity. Additionally, XRP’s futures trading volume escalated by 289%, reaching $60 billion, while options open interest rose 16.2% to $992.33K, indicating intensified market participation.</p> 
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  <img decoding="async" width="860" height="273" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/XRP-Futures-Open-Interest-USD-860x273.png" alt="XRP Futures Open Interest (USD)" class="wp-image-219500">
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   Source: <a href="https://www.coinglass.com/currencies/XRP" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>
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<p>Meanwhile, Ripple’s efforts to expand XRP’s role in cross-border payments have contributed toward the momentum. Ripple’s On-Demand Liquidity (ODL) service, which transfers money across borders and utilizes XRP for cost and time efficiency, has had good reception with the financial institutions.&nbsp;</p> 
<p>Additionally, the <a href="https://www.cryptotimes.io/2024/11/30/ripples-stablecoin-launches-on-dec-4-awaits-nydfs-approval/" target="_blank" rel="noreferrer noopener">RLUSD stablecoin</a>, a new product from Ripple set to launch in the next 2 days, adds some thrust&nbsp; by offering simple and fast global transactions.</p> 
<p>There are ongoing tests with speculation about its integration with DeFi networks of multiple blockchains.</p> 
<p>Despite these, XRP is still handling challenges like its ongoing battle with SEC which ruled that XRP isn’t a security on public exchanges.&nbsp;</p> 
<p>However, analysts including <a href="https://x.com/odrabea/status/1859602665212125329" target="_blank" rel="noreferrer noopener nofollow">@odrabraa</a> on X predict XRP could reach $3 in the near future, with some predicting as much as $5.34 by 2025.&nbsp;</p> 
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 <figure class="aligncenter size-large">
  <img decoding="async" width="860" height="391" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/XRP-USD-Price-Chart-860x391.png" alt="XRP/USD Price Chart" class="wp-image-219499">
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   XRP/USD Price Chart | Source: <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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<p>But at the moment, the crypto is trading for $2.72 – a 39% surge in a single day with a massive 428.23% increase in trading volume to $55 billion, according to CoinMarketCap.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/12/02/wisdomtree-files-for-spot-xrp-etf-in-the-u-s/">WisdomTree Files for Spot XRP ETF in the U.S.</a></p> 
</blockquote>

XRP Futures Open Interest Soars to $3.91B Volume

The Crypto Times

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