XRP Derivatives Surge Signals Bullish Market Momentum

XRP derivatives trading is showing a sharp uptick in activity, suggesting rising investor interest and potential bullish price action. According to Coinglass data, XRP’s derivatives trading volume soared by 62.99% in the last 24 hours, reaching $4.52 billion. This significant increase hints at a possible upward move in XRP’s price.

Despite the volume surge, open interest slightly declined by 0.3% to $3.65 billion, indicating that while trading activity is increasing, new positions are not being opened at the same pace. Meanwhile, the options market is heating up. Options volume jumped by 65.06%, and the total value of open options positions climbed 24.48% to $763,030. These movements point to growing speculation about XRP’s future price direction.

Bullish sentiment is reflected in the long-to-short ratio, particularly on major exchanges. On Binance, the ratio for XRP/USDT stands at 3.0161, meaning there are roughly three long positions for every short. On OKX, the ratio is also positive at 2.2. This suggests that most traders are anticipating price gains.

Rekt data reports $8.63 million in total liquidations over the past 24 hours, with $7.8 million in long positions and $835,450 in shorts. Despite these liquidations, traders remain optimistic.

XRP is currently trading at $2.15, down 0.69% over the past day. It briefly touched $2.18 before dipping to $2.10 and recovering. Volatility remains high, but market data indicates a bullish trend.

A possible factor boosting sentiment is Ripple’s recent $25 million donation in RLUSD to support U.S. schools and teachers, highlighting the company's growing social impact.

With derivatives volume rising and sentiment leaning bullish, XRP’s price could be poised for further gains.