CME XRP Futures open interest hit a record near 12 million XRP (~$9.02B), signaling rising institutional demand and stronger odds for a spot XRP ETF; short-term price weakness tested $2.8 support while whale offloading eased, leaving scope for a rebound if large holders resume buying.
Record CME open interest — nearly 12M XRP (~$9.02B)
Institutional demand rose ahead of likely spot XRP ETF decisions; overall futures OI later cooled to $7.3B.
Whale selling eased in late July–August; a renewed bid from large holders could trigger recovery.
Meta description: CME XRP Futures open interest surged to a record 12M XRP (~$9.02B); read institutional demand, whale activity, and what it means for a potential XRP rebound.
What drove the record CME XRP Futures open interest?
CME XRP Futures open interest spiked as institutional participants positioned ahead of potential U.S. spot XRP ETF approvals. The surge reached nearly 12 million XRP (approximately $9.02 billion), interpreted by exchanges as increased market conviction and ETF-related speculative positioning.
How did futures demand compare across exchanges?
CME ranked fourth by open interest after Bybit, Binance and Bitget despite its record. Total futures open interest peaked near $10B in late July then slipped to $7.3B by August 22, mirroring a short-term price decline from $3.6 to $2.8.
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Front-loaded selling from some cohorts and a cooldown in aggregate futures demand pressured the altcoin. Price fell roughly 23% from $3.6 to $2.8 after open interest eased, indicating that concentrated positioning and short-term profit-taking outweighed fresh demand.
Two whale cohorts holding between 10 million and 1 billion tokens reduced offloads in July and early August. That pause in selling created a fragile support at $2.8; if those whales begin accumulating again, it could catalyze a meaningful rebound.
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Source: https://en.coinotag.com/record-cme-xrp-futures-open-interest-may-signal-spot-etf-confidence-and-whales-reduced-selling-could-support-price-rebound/