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XRP Eyes $3 as Futures Surge and SEC Case Nears Resolution




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XRP Sees 8.6% Weekly Surge Amid Market Rally and Legal Optimism

XRP is gaining momentum once again, recording an 8.60% rise over the past seven days as the broader crypto market enjoys a renewed rally. Positive developments in Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) are also fueling investor optimism. All signs point toward a bullish breakout, with open interest data showing growing confidence in XRP’s future.

Futures Market Signals Strong Investor Confidence

Data from CoinGlass reveals that XRP’s open interest surged by 5% in the past 24 hours alone. Traders have now committed 1.99 billion XRP—valued at a staggering $4.74 billion—into futures contracts, reflecting strong faith in the asset's trajectory.

Notably, Bitget leads the pack in XRP open interest, holding 28.27% of the total, which translates to 564.63 million XRP valued at approximately $1.34 billion. Gate.io follows with 325.34 million XRP ($774.51 million), while Binance and Bybit trail closely behind with 321.97 million XRP and 318.64 million XRP, respectively.

These figures highlight just how much institutional and retail investors are betting on XRP’s continued rise, especially as legal clarity draws closer.

XRP Holds Steady Despite Volume Decline

At the time of writing, XRP is trading at $2.39, up a modest 0.16% in the last 24 hours. The cryptocurrency recently attempted to break past the $2.50 mark but met resistance around $2.42. This resistance is likely tied to a notable drop in trading volume, which fell by 37.50% to $4.27 billion.

Still, XRP remains on an upward path and is now eyeing the $3 milestone. A volume rebound could be the catalyst that propels the asset toward this target.

Legal Breakthroughs and ETF Rumors Add Fuel

The prolonged SEC vs. Ripple case may be nearing its end, with many anticipating a settlement or favorable ruling for Ripple. Investor sentiment is being further bolstered by rumors of a potential XRP exchange-traded fund (ETF). Notably, BlackRock representatives have reportedly met with the SEC, sparking speculation that the asset management giant may be preparing to file for an XRP ETF.

With legal clarity potentially on the horizon and institutional interest heating up, XRP is positioning itself as a key player in the next phase of crypto growth.




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