The cryptocurrency market is witnessing a surge of interest in XRP, coinciding with record open interest and trading volumes reported on the Chicago Mercantile Exchange (CME).
Growing Institutional Conviction
Open interest in XRP futures reached a new all-time high of 6,000 contracts as of August 18, 2025, according to CME Group. This milestone coincides with the fifth anniversary of the product, which has already surpassed 251,000 contracts and a total volume of $9 billion.
XRP Price Technical Analysis
On the daily chart, XRP approaches the $3 resistance level once again. Immediate resistance is observed at the 9-day SMA at $3.04, while key support levels are found at $2.75 and $2.50. The price drop from the July peak of around $3.65 highlights the selling pressure in the market.
Future of XRP: Predictions and Risks
XRP is at a critical demand point from institutional investors; however, market technicals show caution. A break above the $3 resistance may lead to a bullish reversal to $3.25 or even towards the upper target of $3.50. Conversely, prolonged rejection at these levels may bring XRP back down to $2.75 or even $2.50.
Thus, XRP continues to garner attention from both institutional investors and market analysts, creating numerous opportunities but also risks given the current volatility.
