CME XRP Futures Open Interest Reaches All-Time High as $3.70 Comes Into Focus

XRP Futures Hit $1B at CME Amid Spot Consolidation

XRP futures at CME Group have topped $1 billion in open interest, becoming the fastest crypto contract to reach this level in just over three months. CME’s total crypto derivatives now exceed $30 billion, signaling strong institutional participation.

Market Snapshot

Spot XRP traded in a $2.84–$2.98 range over 24 hours, with the largest move on August 25, dropping from $2.96 to $2.84 on 217 million volume — roughly triple its daily average.
The $2.84 support level held firm as institutional flows stepped in.
Regulatory uncertainty in the U.S. continues to pressure XRP relative to peers, though adoption by corporate treasuries and pilot remittance programs keeps the token in focus.

Technical Summary

Support: $2.84, confirmed by high-volume absorption.
Resistance: $2.94–$2.95, capping rallies.
Momentum: RSI recovered to mid-50s; MACD hints at a potential bullish crossover.
Order books: Bids above $3.60 suggest institutional positioning ahead of regulatory catalysts.

Trader Watchpoints

Upside: $3.70 if the $2.90–$2.92 base holds.
Downside: $2.80, where a breach could accelerate losses.
CME’s record open interest is now a key indicator of institutional conviction in XRP.