Key Highlights
- XRP jumped to about $1.42, up 6.66% in 24 hours, according to CoinGlass.
- Futures volume of $4.79B outweighed spot volume of $1.12B, pointing to derivatives-led flow.
- XRP open interest stood near $2.36B, while roughly $5.85M in positions were liquidated over 24 hours.
XRP traded around $1.42 after a 6.66% daily move, with CoinGlass showing the rally occurring alongside elevated derivatives activity.
In the past 24 hours, CoinGlass data put XRP futures trading volume at approximately $4.79B, far above spot volume of $1.12B, a split that typically signals that short-term positioning rather than clean spot accumulation is doing much of the work.
Open interest stays elevated, liquidations still present
CoinGlass also reported open interest around $2.36B, suggesting leverage remains meaningfully deployed even after recent volatility.
During the same 24-hour window, about $5.85M in XRP futures positions were liquidated, showing that the move still carried forced positioning resets, not just organic buying.
CoinGlass’s own trading overview notes leverage is “still adjusting” at current levels, reinforcing that XRP’s near-term direction can remain sensitive to liquidation cascades and funding-driven swings.
Holder growth adds a secondary signal
Separate market data shows XRP wallet numbers continuing to rise gradually through February, pointing to steady retail participation even as derivatives dominate short-term flows.
While increasing holder counts often reflect renewed interest, ownership distribution remains concentrated among larger wallets, meaning price direction can still be heavily influenced by whale positioning.
While increasing holder counts often reflect renewed interest, ownership distribution remains concentrated among larger wallets, meaning price direction can still be heavily influenced by whale positioning.
What next
With futures dominating turnover and open interest still elevated, XRP’s next leg likely depends on whether spot participation catches up. Otherwise, the market can stay prone to fast pumps and quick fades as traders rebalance leverage.
Also Read: Is XRP Centralized? Ripple CTO Slams Critics in Epic Twitter Debate
