XRP Futures Open Interest Hits Record Highs as Price Breaks $1.62

Key Facts

In a move reflecting a significant shift in digital asset momentum, XRP has seen its futures open interest surge to surpass levels seen on Hyperliquid and Zcash. According to reports, the price of XRP climbed above $1.62, driven by substantial inflows into spot ETFs and a broader recovery across the cryptocurrency market. Trading volume for futures reached a combined $9 billion on CME and Binance, signaling heightened interest from both institutional and retail participants.

This rally is underpinned by strong derivatives buying and ETF activity, which helped XRP recover from previous consolidation phases. Per analyst data, traders closed approximately $9.50 million in short positions, while XRP spot ETFs recorded net inflows of $20.02 million on Tuesday. The activity on the CME, where open interest hit $756 million, highlights a growing preference for regulated trading venues among institutional players.

Looking ahead, market participants are monitoring whether these levels can be sustained, though current price data is unavailable as of the close on September 23, 2026. Investors should remain attentive to the lagging effects of macro catalysts, such as the Federal Reserve's interest rate decision on September 16, 2026, which continues to influence broader market sentiment and risk appetite for altcoins.