{"content":"XRP Open Interest Surges to $8 Billion—Speculation Heats Up XRP's open interest has increased by more than half in July as the price approaches $3. July's exponential increase has pushed open interest approaching January 2025's record highs. Given that the price surged swiftly with open interest early this year, the XRP price may be just starting its upswing. After years of consolidation, XRP open interest surged in November 2024 and 2025. For the first time, open interest exceeded $8 billion in January 2025, setting new records. The open interest trajectory helped the XRP price break $3.2, but it did not set new all-time highs. After reaching fresh highs earlier in the year, XRP open interest dropped again, tracking below $5 billion for months. After another consolidation, the price burst out in July. The Coinglass website reports $8 billion in open interest, $400 million less than January 18's $8.33 billion. XRP has also climbed, pausing short of $3 as bulls try to transform this resistance level into support in the coming weeks. If open interest rises, XRP should continue to increase. The cryptocurrency is just 23% behind its 2017 high of $3.84, so a repetition of January's price spike might drive it to new highs. Volumes Show Next Steps Rising trade volume is another optimistic sign for XRP. Coinglass data reveals that daily trade volume jumped 200% to $35 billion on July 12, and although it has since slowed, it has remained high around $16 billion over the previous several days. Next to Binance, South Korean crypto exchange Upbit has dominated the market with the second-highest volume for XRP. #xrp #AltcoinSeasonLoading #USCryptoWeek #Ripple $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/16/5a439c08e3874c1faa8063537de8b307.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}