TLDR
- XRP futures volume increased by over 200 percent in the past 24 hours following a strong price rally.
- Ripple ended its long-standing legal dispute with the US SEC which boosted market confidence in XRP.
- Glassnode reported that XRP futures open interest rose significantly alongside higher trading volumes.
- Coinglass data showed that futures volume reached $18.44 billion with options volume also rising sharply.
- Analysts noted that the increase in leveraged positions could lead to greater market volatility.
XRP futures activity recorded a sharp surge in the past 24 hours as the token’s price rallied strongly. The move followed Ripple’s legal victory against the US SEC, which ended a multi-year case. Consequently, XRP price gained over 11% from $2.99 to $3.38 before consolidating near $3.31.
XRP Futures See Massive Volume Growth
XRP futures volume rose sharply, according to Glassnode, as traders increased leveraged exposure to the rallying asset. The 24-hour trading volume surged 208% to $12.48 billion, marking the largest percentage increase among major assets. This growth placed XRP ahead of Solana’s $9.6 billion and Dogecoin’s $4.9 billion in the same period.
$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
Data from Coinglass also reported higher XRP futures activity but with slightly different metrics. Futures volume spiked 161% to $18.44 billion, while options volume rose 92.6% to $1.97 billion. The figures underscore a significant influx of leveraged trading interest into XRP markets.
Open interest on XRP futures climbed alongside the rising volumes and prices. It advanced 15% to $5.9 billion, showing stronger participation from bullish traders. Funding rates remained positive at 0.01%, indicating more long positions than shorts.
Open Interest Trends Suggest Increased Leverage Risk
Glassnode noted the higher XRP futures open interest could trigger liquidations if the price moves lower. CryptoQuant analyst JA Maartunn highlighted a 22% jump in open interest within the same 24-hour window. Coinglass placed this increase at 17%, bringing the figure to $8.94 billion.
Open Interest on $XRP is up 22% over the last 24h 🍿 pic.twitter.com/hVyxu7YRLO
— Maartunn (@JA_Maartun) August 8, 2025
In July, XRP futures open interest reached an all-time high of $11.2 billion on July 18 during a rally to $3.66. However, the metric quickly declined as prices fell, dropping 37% to $7.05 by August 3. This decrease aligned with XRP’s fall below the $3 threshold.
The renewed rise in open interest now suggests leveraged trading is returning to levels seen during past price surges. Analysts stress that such buildups often amplify volatility when price corrections occur. High leverage in XRP futures can accelerate both gains and losses in short time frames.
Price Outlook After Legal Resolution
XRP’s rally followed Ripple’s resolution of its legal battle with the SEC, removing a major regulatory overhang. The positive outcome has strengthened market sentiment and encouraged larger leveraged bets in XRP futures. As a result, traders are positioning for possible extended price gains.
Some market projections see XRP potentially climbing to $10 before year-end, while others anticipate a long-term target of $30 this cycle. For now, XRP trades around $3.31, slightly below its intraday peak of $3.38. The next price moves could hinge on how leveraged traders respond to market shifts.
