Key Insights
- XRP news: Coinglass data shows $3.88 billion in XRP futures spread across major exchanges.
- New XRP spot ETF reaches $257 million on its first trading day.
- Analyst says XRP could move away from debt-based market behavior over time.
In recent XRP news, the asset it drawing renewed attention after Black Swan Capitalist founder Versan Aljarrah said it could move away from the debt-based financial system.
Recent Coinglass data shows broad futures activity, while new institutional products signal rising interest.
XRP News: Coinglass Data Shows Active XRP Futures Market
As per XRP news, Coinglass data shows detailed futures activity for XRP across major exchanges.
As detailed, the data shows 1.75 billion XRP in open interest, equal to $3.88 billion. This represents the total value of all active XRP futures contracts in the market.
CME holds the largest share with 424.29 million XRP, valued at $940.89 million. The exchange accounts for 24.22% of the market.
Binance follows with 268.01 million XRP, or $593.61 million, which is 15.28% of total open interest.
Gate.io records 236.14 million XRP worth $523.89 million, while Bybit carries 197.90 million XRP valued at $439.19 million.
Bitget, OKX, KuCoin, WhiteBIT, and BingX also show sizable activity. Bitget lists 165.72 million XRP.
OKX recorded 66.96 million XRP. KuCoin shows 30.88 million XRP. WhiteBIT lists 51.18 million XRP, and BingX posts 48.69 million XRP.
MEXC, Coinbase, Kraken, LBank, Hyperliquid, and several smaller exchanges display additional positions.
The hourly and four-hour changes vary. Some exchanges show increases while others show declines.
These shifts suggest that traders remain active and adjust their positions as market conditions change.
The spread of open interest across many platforms shows that the asset continues to attract interest from both large and small traders.
Analyst Says XRP Could Move Away From Debt-Based Markets
Versan Aljarrah, founder of Black Swan Capitalist, shared his view on how XRP behaves in the market.
He said many traders judge the asset based on price movements linked to debt-driven systems.
He argued that XRP only follows broader market patterns because it is still tied to them.
In his view, XRP was designed to support settlement activity, not debt expansion or speculative cycles.
He believes this purpose could lead XRP to operate differently from assets that rely on debt.
His view comes at a time when market sentiment remains uncertain. Many traders continue to look for signs of stability or long-term direction.
Versan Aljarrah comments add to ongoing discussions about how utility could affect the asset’s future.
In a separate XRP news development, institutional access has grown in recent weeks.
First spot ETF focused only on XRP, called the Canary Capital XRPC ETF, launched in the United States last week.
The fund reached $257 million in assets on its first day. It also recorded the highest first-day volume of any new ETF this year.
Besides, Ripple introduced its Prime platform for institutional clients in the United States.
The platform supports trading and payment activity using Ripple USD, known as RLUSD.
The stablecoin grew from a $50 million market cap one year ago to $1 billion. Ripple sees the increase as a sign that more institutions are entering the space.
These developments show that access to XRP is expanding. New tools allow institutions to gain exposure through regulated products or direct trading services.
This could support long-term growth if more firms adopt these offerings.
XRP News: Technical Levels Point to Possible Move if Resistance Breaks
XRP has tested the $2.1 support level several times as per latest XRP news update. The daily chart shows a falling wedge pattern.
A break above the 200-day exponential moving average would indicate a shift in momentum.
Notably, a past signal from the Fear and Greed Index suggested that a strong move could take the price toward $4.2 if momentum builds.
The Relative Strength Index may support this view if it rises above the 14-day moving average and crosses the mid-line. Traders also watch economic policy.
Meanwhile, the Federal Reserve said a December rate cut is uncertain, but any change in expectations could influence markets.
XRP remains watched closely as futures activity, institutional tools, and chart signals offer clues about its next direction.