09.08.2025 00:12

Following Ripple's decisive legal victory against the US Securities and Exchange Commission (SEC), XRP futures trading experienced a dramatic surge. The resolution of this long-running legal battle significantly bolstered market confidence in XRP, triggering a substantial price increase and a subsequent explosion in trading activity.

A remarkable 208% increase in 24-hour XRP futures volume, reaching $12.48 billion according to Glassnode, dominated other major cryptocurrencies. This surge dwarfed the trading volumes of Solana ($9.6 billion) and Dogecoin ($4.9 billion) during the same period, highlighting the unprecedented level of investor interest. Furthermore, Glassnode data revealed a 15% rise in open interest, reaching $5.9 billion, indicating a significant influx of leveraged long positions. A slightly higher futures volume of $18.44 billion was reported by Coinglass, along with a 92.6% jump in options volume to $1.97 billion, underscoring the significant increase in leveraged trading.

The positive funding rate of 0.01%, as noted by Glassnode, further supports the prevalence of bullish sentiment and significant long positions within the market. However, this substantial increase in leveraged positions also presents a potential risk: a price reversal could trigger widespread liquidations, potentially leading to increased market volatility. The price of XRP itself saw a substantial increase, climbing over 11% from $2.99 to $3.38, before stabilizing near $3.31, reflecting the market's positive reaction to the Ripple-SEC outcome. This dramatic increase in futures trading activity serves as a clear indicator of the significant market impact of the Ripple legal victory. Data from internet sources show a substantial increase in both XRP futures and options trading, driven by the positive market sentiment following the Ripple legal win.