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XRP’s price has climbed to $2.61 in the last 24 hours, and has been able to keep a steady pace, registering a 22% gain over the past seven days. Traders are piling into futures contracts.
A notable performance has been in the Open interest department, which jumped by more than 40%.
Rising Futures Activity
According to Glassnode data posted on May 13, futures open interest for XRP surged from $2.42 billion to $3.42 billion in just one week. That $1 billion increase represents a nearly 42% rise in active contracts.
When both price and open interest climb, it usually means new money is coming in and that traders expect more upside.
$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE
— glassnode (@glassnode) May 13, 2025
Price Versus Market Gains
Based on reports, XRP’s one‑week gain outpaces the broader cryptocurrency market, which has risen about 12% over the same period. A near‑20% jump is no small feat when most major coins are up in the low double digits.
Traders see XRP as one of the stronger performers right now, and they are betting accordingly.
Momentum Indicators Point Up
XRP is trading higher than its 10‑, 50‑ and 200‑day moving averages. That indicates short‑term and long‑term trends are both in favor of buyers. The relative strength index is at 68, which is just short of the overbought zone.
There is still space for the rally to continue before reaching a ceiling. The moving average convergence divergence has also crossed higher, suggesting continued upward momentum.
Institutional Demand Grows
Meanwhile, the XXRP ETF has drawn inflows for five straight weeks. Last week, it added $14 million in new money, up from $10 million the week before. The fund now holds almost $100 million in assets.
Even with a 1.80% annual fee—almost twice that of some Bitcoin ETFs—investors still see value in a product tied to XRP.
Odds And Projections
Based on market‑prediction platforms like Polymarket, there is an 79% chance the US Securities and Exchange Commission will approve spot XRP ETFs soon.
According to JPMorgan analysts, these ETFs could attract as much as $8 billion in the first year—more than what Ethereum funds saw after their September 2024 launch. That kind of demand could slingshot XRP even higher.
Outlook And Risks
Rallying price action, growing open interest, and steady ETF inflows make a bullish case. Fast gains could just as easily fade away if traders lock in profits; a drop through the 50-day average would serve as a warning signal. Regulatory delays or a broader sell-off in crypto could derail the rally as well.
For now, XRP sits atop its key averages and sees fresh capital coming in. Many traders and institutions are leaning bullish. Yet anyone getting involved should watch the technical levels and keep an eye on news about spot ETF approvals.
If those pieces fall into place, XRP could be set for another leg up. But if markets cool off or regulators hit pause, the run may stall.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
