Ripple’s native token, XRP, has captured market attention with a staggering 95% price surge, reaching levels last seen three years ago. Alongside this rally, futures open interest (OI) hit an all-time high of $2.12 billion, signaling heightened trader activity and market optimism.
<h3>Futures Market Sees Unprecedented Activity</h3>
Data from <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="nofollow noopener">Coinglass</a> reveals that XRP futures OI jumped 11% in the last 24 hours, with short positions slightly edging out longs, accounting for 50.85% of bets. Over $17 million worth of positions were liquidated during this period, with long traders bearing the brunt of the losses at $9.6 million.

Despite these liquidations, XRP’s momentum remains strong. The token added another 8% in the past day, marking a 108% increase over 30 days and trading at an average price of $1.13.
<h3>Legal Wins and Upcoming Innovations</h3>
XRP’s resurgence comes amid growing regulatory optimism. A lawsuit filed by 18 U.S. states against the SEC has bolstered investor confidence, suggesting a more crypto-friendly environment could emerge.

Additionally, Ripple’s soon-to-launch RLUSD stablecoin is poised to revolutionize its ecosystem. By enhancing liquidity, reducing costs, and integrating with DeFi protocols across blockchains, RLUSD could unlock new use cases for XRP in cross-border payments and decentralized finance.
<h2>The Road Ahead</h2>
As <a href="https://www.cryptoknowmics.com/news/xrp-hits-2-year-high-amid-optimism-for-u-s-crypto-regulations/" target="_blank" rel="noopener">XRP</a> climbs, it remains 70% below its all-time high of $3.84 from January 2018. With price gains, record-breaking OI, and innovative developments, the token appears well-positioned for continued growth. Traders and investors are eyeing the possibility of another rally, reminiscent of XRP’s historic peaks.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

XRP Surges 95% with Record Futures Activity Amid Regulatory Optimism

XRP price surges 95%, hitting a 3-year high, as futures open interest reaches $2.12 billion. Regulatory clarity and upgrades fuel bullish momentum.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

XRP Surges 95% with Record Futures Activity Amid Regulatory Optimism

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