XRP traders are cranking up the leverage, sending futures exercise by the roof and placing the token support within the spotlight correct days after Ripple scored a decisive correct score. Info from Glassnode reveals XRP futures volume has exploded 208% within the previous 24 hours to $12.4 billion, leapfrogging Solana’s $9.6 billion.
Open hobby, the total value of full of life contracts, is now at $5.9 billion, up 15% from the day earlier than. Funding charges are firmly in positive territory, a signal that many of the money is making a guess on greater prices. It’s a bullish stance, but one who moreover leaves the market dangerously exposed if momentum falters.
$XRP futures exercise surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open hobby climbed to $5.9B (+15%), while an very just correct funding price suggests heavy prolonged positioning – which would possibly possibly well expand liquidation risk if assign turns decrease. pic.twitter.com/hGf3HcTpzY
— glassnode (@glassnode) August 8, 2025
Phenomenal Get for XRP
The timing isn’t a twist of destiny. Earlier this week, Ripple and the U.S. Securities and Alternate Commission agreed to descend their final appeals, indirectly closing the books on a lawsuit that has loomed over XRP since 2020. The relevant closure has unleashed a wave of optimism and a whisk of speculative positioning.
On space markets, XRP is protecting round $3.35, up roughly 8% within the previous day and nearly 12% over the week, with day by day buying and selling volumes topping $11 billion. Charts show disguise the token buying and selling above key transferring averages, and some analysts converse it should always also possess a speed toward $3.75 or even $4.00 if buying rigidity holds. Toughen round $3.00 stays the line within the sand for bulls.
No longer everybody looks to be happy the rally has staying power. With funding charges this high, you’ve got a market that’s lopsided toward longs. If the value turns, the unwind shall be brutal. Meanwhile, Coinbase is going to roll out nano XRP perpetual futures on August 18. This switch will give institutional avid gamers one other system to trade the token.
That additional liquidity would possibly possibly well serve maintain the rally. It would possibly possibly also possess the eventual reversal even sharper. For now, XRP is driving a wave of momentum available within the market. Whether or now not this rally has accurate legs or is correct one other burst of leveraged hype will approach all of the system down to how traders react when the market throws its first curveball.
