The recent surge in XRP's price has drawn the attention of traders and investors amid favorable expectations regarding regulation in the US.
XRP Price Surge
XRP rose over 8% overnight, reaching $3.29—a six-month high, according to TradingView. At the time of writing, the asset's market capitalization stands at $194.8 billion.
Open Interest in Perpetual Futures Market
In the past week, XRP's price jumped 36.9%. Analysts attribute this growth to a sharp increase in open interest in perpetual futures and trader optimism amid potential regulatory relaxations. According to CoinGlass, total open positions in perpetual XRP futures have reached $10 billion, which equates to over 3 billion XRP. This figure surpasses the previous high of $8.3 billion recorded in January 2025. Bitget and Binance are the volume leaders, with $2.19 billion and $1.62 billion, respectively.
Outlook for XRP and Growth Factors
The market exhibits a pronounced bullish sentiment. Many platforms show positive funding rates that continue to grow, indicating that traders betting on price appreciation are willing to pay a premium to hold positions. "When people experience fear of missing out and believe the price will rise, they are willing to pay higher funding rates to take long positions," said Greg Magadini, director of derivatives at Amberdata. Experts believe that XRP's popularity among retail investors also fuels demand. Additionally, the possibility of its integration into regulated services provides an additional boost. According to Messari analyst Matt Kreiser, XRP Ledger's infrastructure includes built-in compliance features, making the asset promising amid ongoing discussions about stablecoin legislation.
The recent surge in XRP's price and open interest in perpetual contracts indicates a growing market trend that may support further gains, particularly in the face of changing regulations.
