XRP Futures Demand Soars as ETF Approval Looms

Ripple is attracting massive trader interest as markets anticipate the potential approval of a ProShares XRP ETF. Open interest in XRP futures has surged 33% to 743 million tokens, with contract values approaching $5 billion – levels last seen before XRP’s November 2024 rally.

WOW! 💥#XRP ETF APPROVAL ODDS NEAR 100%! 📈https://t.co/W7TK7AXOFe pic.twitter.com/EugwI868Tg

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 4, 2025

The bullish sentiment follows the ETF’s appearance on the DTCC platform, a traditional precursor to launch. While not SEC approval, this development mirrors the pattern seen before Bitcoin ETFs gained authorization. Notably, South Korea’s Upbit exchange is maintaining price stability with strong XRP inflows, countering $8.8 million in net outflows from other global exchanges.

Market technicians highlight a telling 6.14% bid-ask spread – identical to conditions preceding XRP’s last major breakout. The momentum builds as Trump’s Truth Social files for a crypto ETF including 2% XRP allocation. With institutional interest mounting, XRP stands at a critical juncture. SEC approval could trigger the next major price movement as traders position aggressively ahead of the decision.

Key XRP Levels To Watch – July 9

XRPUSD’s upward momentum paused at the $2.330 level, triggering a pullback to the 9 and 21-period Moving Averages. A bullish crossover of the MAs signaled the potential for a renewed ascent. The Hull Butterfly Oscillator confirms strong buyer dominance at this stage. Following the brief consolidation, buyers have reasserted control, initiating a breakout with sights set on the $2.5900 resistance level.

XRPUSD Key Levels:

Demand Levels: 2.0780, 1.9000, 1.6360
Supply Levels: 2.3300, 2.5940, 2.9000

Ripple Metrics

Total Market Capitalization: $3.38T
XRP Market Capitalization: $139B
XRP Volume: $3B
Market Rank: #4

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