XRP Nears Record High of $3.40 as Futures Open Interest Hits $10B

Sameer Verma
Jul 18
2 min read

The crypto market is abuzz once more as XRP inches towards its all-time high of $3.40, propelled by an eye-watering $10 billion in open interest in futures. With optimism gaining traction throughout the crypto space, XRP is demonstrating its strength and allure to both retail and institutional investors.

Why Is XRP Surging Right Now?

Several key factors are contributing to XRP's current rally:

✅ 1. Legal Clarity from the SEC Case

The partial win in Ripple’s case against the U.S. Securities and Exchange Commission (SEC) has given XRP a regulatory boost, helping restore investor confidence.

✅ 2. Institutional Participation Rising

The surge in futures open interest suggests that big money is flowing into XRP. Institutions are looking at XRP not just as a remittance token but a viable digital asset with long-term potential.

✅ 3. Global Payment Adoption

Ripple’s partnerships with global financial institutions in countries like Japan, UAE, and Brazil have positioned XRP as a strong player in cross-border payments.

📈 XRP has rallied over 60% in the past 30 days, outperforming major altcoins like Solana and Ethereum.

XRP Futures Open Interest Hits $10 Billion

Open interest in XRP derivatives across platforms like Binance, Bybit, and OKX has crossed the $10B mark — a major milestone that reflects:

Increased market confidence
Speculative buying pressure
Higher trading volumes and volatility

According to Coinglass, XRP's futures open interest has tripled since Q1 2025.

Will XRP Break the $3.40 Resistance?

🔍 Key Technical Indicators:

RSI is nearing overbought levels at 78
MACD shows a strong bullish crossover
Support Level: $2.85
Next Resistance: $3.40 (previous all-time high from 2018)

If momentum holds, XRP could break past this psychological barrier and potentially target $4.00+ in Q3 2025.

What Does This Mean for Crypto Investors?

Whether you're a day trader or long-term holder, XRP's current movement signals:

Volatility + Opportunity: Great for swing trades
Regulatory Optimism: Safer environment for holding altcoins
Institutional Attention: Likely to drive more capital into altcoin markets

💡 Pro Tip: Set alerts around $3.40 and monitor futures liquidation data to stay ahead of any big moves.

Conclusion

The road ahead looks bullish for XRP as it nears the crucial $3.40 mark with $10B in open interest fueling momentum. With legal clarity, institutional interest, and technical indicators in its favor, XRP could be gearing up for a historic breakout.