20.09.2025 10:26

A substantial surge in trader confidence is fueling XRP's bullish momentum, as open interest in the digital asset's futures contracts has soared past the $9 billion mark. This wave of optimism has translated into tangible gains over the past month, with XRP's price climbing an impressive 12% from a low of $2.76 to firmly establish itself above the $3.10 level.

Fueling the sustained rally, data from online market analysis platforms reveals a remarkable 6.54% increase in XRP's open interest within a single 24-hour period. This sharp uptick corresponds to nearly 2.92 billion XRP tokens being committed to derivative markets, a volume valued at a staggering $9.05 billion, which underscores a powerful conviction within the trading community regarding the asset's continued upward potential.

Currently trading around $3.10 after a 3.2% daily gain, XRP is demonstrating considerable resilience by holding the critical $3 psychological support level. Although the asset remains approximately 19% below its all-time high of $3.84, the massive value of unsettled futures contracts is widely interpreted as a clear signal that investors are betting heavily on a future attempt to reclaim, and possibly surpass, that peak.

Meanwhile, turning to the market's bellwether, reports from internet sources suggest that bettors on prediction platforms are currently assigning a 25% probability to Bitcoin reaching the ambitious milestone of $125,000 as early as this September. This forecast provides a quantifiable glimpse into the speculative sentiment surrounding the flagship cryptocurrency's potent, albeit uncertain, short-term trajectory.