XRP Open Interest Hits $2.60B as Institutional Money Pours In

XRP is seeing a massive wave of activity lately. Its total open interest recently climbed to $2.60 billion, pushing it past the HYPE token. This jump shows that traders are putting serious capital into the asset, reflecting a change in market sentiment.

This growth is largely tied to fresh interest from institutional players. Whales, spot ETF flows, and derivative traders are all showing more confidence in the coin. This influx of money has helped the price stay steady even during periods of broader market volatility.

Looking ahead, the market is watching to see if this momentum can last. If large holders keep building their positions, XRP could stay in the spotlight. Traders should keep an eye on these open interest numbers as a key sign of whether this institutional interest is here to stay.