XRP Futures Open Interest on CME Hits 2025 High — What It Means for Price

Ripple’s XRP has climbed nearly 10% over the past week. While the rally has been supported by improved sentiment across digital assets, a key development has also fueled the bullish momentum. 

Capitalizing on this, institutional demand for XRP has soared. This reinforces the bullish sentiment among token holders and signals the potential for further gains in the near term.

XRP’s Legal Win Sparks Institutional Rush

On August 7, a filing through the Second Circuit Appeals Court recognized a joint dismissal of the US SEC’s appeal and Ripple’s cross-appeal in the long-running lawsuit over XRP. The filing concludes one of the most closely watched enforcement battles in cryptocurrency history.

As retail demand for XRP climbs steadily following this development, institutional appetite has also increased. This is reflected in the uptick in open interest in XRP futures contracts on the Chicago Mercantile Exchange (CME). 

According to Glassnode, this closed at a year-to-date high of 287,200 XRP on August 12, signaling growing participation from larger market players.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter.

XRP Futures CME Open Interest. Source: Glassnode

CME’s XRP futures market is dominated by institutional players seeking regulated exposure to the token. Therefore, rising open interest suggests these investors are actively increasing their positions. This could strengthen the buying pressure and increase XRP’s upward momentum in the near term.

Moreover, XRP has recorded consistently positive funding rates since June 28, indicating that traders continue to pay a premium to maintain their long positions. As of this writing, the metric is at 0.0119%, per Coinglass data. 

XRP Funding Rate. Source: Coinglass

The funding rate is a periodic payment between traders in perpetual futures contracts to keep prices aligned with the spot market. When its value is positive like this, long-position holders are paying shorts, signaling that most traders are betting on further price rallies.

One Break Above $3.33 Could Launch XRP Toward $3.66

Up 3% over the past day, XRP trades at $3.22 at press time. If demand strengthens, XRP could extend its price gains toward $3.33. A successful breach of this barrier could pave the way for a move near $3.66.

XRP Price Analysis. Source: TradingView

However, sellers could trigger an XRP price decline toward $2.99 if they regain control.