Key Takeaways 

CME XRP Futures market interest hit a record high. However, with large players slowing down distribution, will XRP rebound? 

Institutional interest in Ripple [XRP] surged to an all-time high ahead of likely U.S. spot ETF approval. 

According to the Chicago Mercantile Exchange (CME), the XRP Futures market reached a record Open Interest of nearly 12 million XRP, equivalent to a cumulative value of $9.02 billion.

Per the exchange, the record demand was a –

“Clear sign of growing conviction in the market”.

Overall XRP Futures demand slips

Compared to the rest of the exchanges, CME ranked fourth after Bybit, Binance and Bitget. However, overall demand for XRP Futures has been on a downtrend alongside the price for the past few days. 

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Author: Benjamin Njiri

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