- XRP open interest on CME surged to $223M in 10 days, showing growing institutional confidence in Ripple’s derivatives market.
- VivoPower and Webus commit over $400M toward XRP, signaling major treasury shifts and growing enterprise trust in RippleNet.
- XRP’s weekly chart mimics its 2017 pattern, with 26-week volume compression hinting at a potential breakout beyond $2.23.
XRP futures open interest on CME has soared to $223 million within just 10 days of launch, reflecting a powerful shift in institutional sentiment toward Ripple’s native token. This sharp increase marks the highest open interest since the futures product went live, with corresponding volume spikes confirming renewed directional positioning.
According to the report above by Xaif Crypto, “demand for $XRP has surged sharply in the futures market,” as traders ramped up exposure from May 19 onward. On that day, futures volume stood at 135 contracts and open interest at 113, initiating a steady climb across both metrics. By May 28, volume hit 250 while open interest peaked at 223, signaling reinforced conviction from derivative desks.
While trading volume showed intraday volatility, open interest rose consistently without a single daily pullback. The divergence between early-week volume drops and sustained OI increases indicates position building rather than short-term scalping. This structural behavior points to deeper liquidity and growing institutional participation in the XRP derivatives market.
Strategic Lending and Treasury Deployment Elevate XRP Exposure
Ault Capital Group, a NYSE-listed hyperscale data firm, announced plans to launch a dedicated XRP lending platform for U.S. public companies. The initiative includes token-backed credit lines, secure digital custody, and integrated compliance measures aimed at expanding blockchain-based finance in the enterprise sector.
Simultaneously, Nasdaq-listed VivoPower has unveiled a $121 million XRP-focused treasury strategy, backed by $100 million in funding from Saudi Prince Abdulaziz. The firm becomes the first public company to designate XRP as its primary reserve asset, signaling confidence in RippleNet’s long-term role in global finance.
China’s Webus International Ltd. further disclosed a $300 million strategic financing program to accumulate XRP and develop a token reserve. The company intends to integrate XRP blockchain infrastructure into its global operations, elevating the token’s role within international commercial frameworks.
Market Structure and Weekly Chart Echo 2017 Cycle
XRP’s weekly chart, as analyzed by GalaxyBTC, now mirrors its 2017 accumulation pattern with near-precise time symmetry. The current range has held firm for 182 days, closely aligning with the 210-day buildup that preceded XRP’s parabolic run to $3.30 in early 2018.
The May 30 weekly candle closed at $2.23 with reduced volatility, consistent with consolidation behavior near psychological resistance. Volume compression within this 26-week structure indicates controlled accumulation and market readiness for the next decisive move.
On-Chain Metrics Signal Confidence Despite Pullback
XRP’s MVRV ratio has remained above 200% since March, showing sustained profitability among average holders. According to Ali Martinez, a golden cross between MVRV and its 200-day SMA could signal the start of a new leg up if current support holds.
As of May 29, XRP trades at $0.93 while the 200-day MVRV average sits at 218.5%. These elevated levels suggest long-term holders continue to back the asset, despite recent pullbacks and short-term cooling in market momentum.
