XRP is heating up on all fronts, with its open interest jumping 18% to reach approximately $10.52 billion—a strong signal that traders are preparing for greater price swings. This surge in open interest has been fueled by a dramatic increase of nearly 140% in XRP derivatives volume, now totaling $39.61 billion.
Adding to the excitement, a massive XRP whale just transferred $173 million worth of tokens (roughly 53.4 million XRP). This move follows another large transfer by Ripple co-founder Chris Larsen, who recently moved around $26 million in XRP to Coinbase. These whale transactions have raised eyebrows in the market, prompting speculation over whether these are signs of upcoming selling pressure or bullish accumulation.
At the same time, technical signals are flashing green. Crypto analyst Ali Charts pointed out a golden cross in the MVRV (Market Value to Realized Value) ratio—an event that historically preceded a massive 630% rally for XRP. This indicator has reappeared, hinting that another explosive price move may be on the horizon.
XRP is already riding strong momentum, having gained 35% over the past week and currently trading at around $3.47—up 13.5% from its intraday low. Talk of a potential XRP ETF, possibly to be launched by ProShares as early as tomorrow, is only adding more fuel to the fire, raising hopes that XRP could soon hit a new all-time high.
On the regulatory side, optimism is growing as the U.S. House of Representatives passes the CLARITY Act, a bill aimed at providing clearer rules for digital assets. Alongside two other crypto-focused bills, this development signals a shift toward a more defined regulatory framework—something Ripple has long been pushing for amid its legal battles in the U.S.
Boosted by these positive catalysts, XRP’s market capitalization has soared over 12% in just 24 hours, breaking above the $200 billion mark. With regulatory clarity improving and market sentiment growing increasingly bullish, XRP may be gearing up for its next big breakout.
