XRP Futures Explode Past $12B as Price Nears Make-or-Break $3.22 Level
The post XRP Futures Explode Past $12B as Price Nears Make-or-Break $3.22 Level appeared on BitcoinEthereumNews.com. XRP futures volume surged past $12 billion as the price nears key $3.22 support. Korean retail buyers fuel demand amid Ripple lawsuit news. XRP futures trading surged past $12 billion in volume over 24 hours, marking a sharp increase that overtook rival Solana’s $9.6 billion. Open interest climbed alongside, signaling growing market activity. Meanwhile, the XRP price is testing a critical support level near $3.22, a point seen as vital for the token’s near-term trend. Traders watch as shifts in positioning and sentiment could trigger sharp moves. XRP Futures Volume Hits Record High, Indicating Heavy Positioning Glassnode data shows XRP futures volume jumping 208% to $12.4 billion in 24 hours, overtaking Solana’s $9.6 billion volume. Open interest on XRP contracts also increased by 15% to reach $5.9 billion. The combination of rising volume and open interest suggests strong trader interest and heightened market activity. $XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY — glassnode (@glassnode) August 8, 2025 Alongside this, funding rates have turned positive, pointing to a dominance of long positions in the market. A positive funding rate means traders holding long positions pay those short, hinting that bullish bets are piling up. However, this dynamic can raise risks of a sharp liquidation if prices slip suddenly. The surge in futures activity reflects renewed attention on XRP as legal developments and market shifts unfold. Traders and investors seem poised for potential volatility, weighing the balance of risk and reward. The jump in futures volume signals more than just excitement. It points to an environment where large sums are moving into XRP contracts, potentially setting the stage…
The post XRP Futures Explode Past $12B as Price Nears Make-or-Break $3.22 Level appeared on BitcoinEthereumNews.com.
XRP futures volume surged past $12 billion as the price nears key $3.22 support. Korean retail buyers fuel demand amid Ripple lawsuit news. XRP futures trading surged past $12 billion in volume over 24 hours, marking a sharp increase that overtook rival Solana’s $9.6 billion. Open interest climbed alongside, signaling growing market activity. Meanwhile, the XRP price is testing a critical support level near $3.22, a point seen as vital for the token’s near-term trend. Traders watch as shifts in positioning and sentiment could trigger sharp moves. XRP Futures Volume Hits Record High, Indicating Heavy Positioning Glassnode data shows XRP futures volume jumping 208% to $12.4 billion in 24 hours, overtaking Solana’s $9.6 billion volume. Open interest on XRP contracts also increased by 15% to reach $5.9 billion. The combination of rising volume and open interest suggests strong trader interest and heightened market activity. $XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY — glassnode (@glassnode) August 8, 2025 Alongside this, funding rates have turned positive, pointing to a dominance of long positions in the market. A positive funding rate means traders holding long positions pay those short, hinting that bullish bets are piling up. However, this dynamic can raise risks of a sharp liquidation if prices slip suddenly. The surge in futures activity reflects renewed attention on XRP as legal developments and market shifts unfold. Traders and investors seem poised for potential volatility, weighing the balance of risk and reward. The jump in futures volume signals more than just excitement. It points to an environment where large sums are moving into XRP contracts, potentially setting the stage…
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