The XRP prices has also done better than the cryptocurrency market at large, recording a soaring 20% increase in the last week. The digital asset is currently priced at $2.58, which is far ahead of the overall crypto market that has appreciated by 13% over the same period. This outstanding price action correlates with a dramatic increase in open interest for futures as evidence that investors and trading actions are picking up.

Key Takeaways:

• XRP prices jumped 20% in the seven days to touch $2.58, as futures open interest increased by $1 billion to $3.42 billion.
• Technical indicators stay bullish as the price is above all major moving averages and the RSI is at 68, indicating that there may be further momentum upwards.
• Institutional interest keeps increasing with five straight weeks of inflows to XRP ETF with a hefty 1.89% management fee.
• The expectations of Spot XRP ETF approval are high at 80%, with JPMorgan estimating the possible flows in the first year at $8 billion.

Derivatives Activity is a strong market conviction

Open interest for XRP on futures has spiked a whopping $1 billion in a week. With data posted on May 13 by Glassnode, the open interest increased from $2.42 billion to $3.42 billion, a 41.6% increase. This massive increase indicates that fresh money is coming into the XRP market rather than mere position shuffling.

$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE

— glassnode (@glassnode) May 13, 2025

Open interest metrics record active futures positions that are yet to be settled in the market. When in parallel with price, this is usually fresh capital into the ecosystem. Traders seem to be setting up for some massive price action, with an extreme level of conviction in either direction for XRP’s future.

Technical Indicators Support Bullish Outlook

The technical chart of XRP supports the bullish mood in the asset. At the moment, XRP prices is trading above all meaningful moving averages, such as the 10-day, 50-day, and 200-day ones. This placement shows consistent strength in terms of price trend.

The relative strength index (RSI) is 68, which is moving toward but not in the overbought territory. This will imply scope for further positive impulse with moderate downside risks of reversal. Besides, the moving average convergence divergence indicator is also bullish, providing additional confirmation of the bullish case of XRP prices.

Institutional Interest Continues to Grow

Institutional interest in XRP exposure is demonstrated through positive growth through conventional financial offerings. The XRP ETF has reeled in capital for five straight weeks. In the past week alone, the fund was able to raise $14 million, which was higher than the $10 million raised during the previous week.

Despite having a pretty high management fee of 1.89% annually (almost twice the figure of most Bitcoin ETFs), there is significant interest in the same from the investors. Total assets under management for the XXRP ETF now move past $99 million, evidence of strong institutional belief in the future of XRP prices.

Spot XRP ETF Approval Expectations are heaping Sentiment on the Cryptocurrency

Some market optimism seems to be based on increasing anticipations of spot XRP ETF listings by the U.S. Securities and Exchange Commission. Polymarket and others of its kind have current odds of 80% in favor of approval. The inflows of XRP ETF produced by financial analysts from JPMorgan may touch the whopping figure of $8 billion in one year of their operation. 

Conclusion: XRP Prices

This volume would likely exceed Ethereum’s ETF inflows since approval in September 2024 as an indication of the huge institutional demand waiting for a nod from the regulators. The technical strength, increasing futures activity, and increasing demand for warning of possible further gains for XRP. With the way things still are, XRP may be gearing up for another rally in the short term.