XRP extended its bullish momentum over the weekend, driven by a sharp increase in institutional demand and renewed activity in futures markets. The token climbed to $2.6197—its highest level since October 11—marking an 88% rebound from its monthly low.
ETF inflows and futures demand accelerate
XRP’s latest rally is supported by surging institutional participation through exchange-traded funds (ETFs) and futures contracts. The CME Group’s XRP futures, launched in May, have already surpassed $66 billion in total open interest, ranking among the exchange’s most actively traded crypto derivatives.
Fresh data from CME shows open interest spiking to $9.9 billion on October 25—the highest since late September—highlighting the market’s growing appetite for XRP exposure. Futures trading volumes have also trended sharply higher in recent weeks, reflecting robust demand from both institutional and retail investors.
Across major crypto exchanges, XRP futures open interest jumped to $4.39 billion on October 26, up from $3.4 billion earlier in the week. This steady increase underscores renewed confidence in XRP’s short-term performance and broader market positioning.
Institutional inflows into XRP ETFs
The recently launched spot XRP ETF by REX-Ospey has accumulated more than $100 million in assets within its first month of trading—a significant milestone achieved despite a period of price volatility that saw XRP touch a year-to-date low of $1.3790.
Meanwhile, the Teucrium Leveraged XRP ETF has attracted over $366 million in assets, signaling strong institutional conviction in the token’s long-term potential.
The growing ETF inflows align with Ripple’s ongoing expansion efforts. Following the completion of its Hidden Road acquisition, Ripple launched Ripple Prime, a new institutional-grade trading platform. Additionally, Ripple’s stablecoin Ripple USD (RLUSD) is nearing the $1 billion asset milestone less than a year after its debut, further strengthening the ecosystem’s liquidity base.
XRP price technical outlook
From a technical standpoint, XRP has staged a strong recovery from its October low of $1.3790, climbing nearly 88% to trade around $2.62. The token is now testing its 200-day moving average, a key resistance level that could confirm a bullish breakout if breached.
Notably, XRP’s chart has also formed an inverse head-and-shoulders pattern—typically a bullish reversal signal. If momentum holds, analysts anticipate the next major upside target at the psychological $3 level, representing a further 14% gain from current prices.
