{"id":376960,"date":"2025-03-01T05:16:18","date_gmt":"2025-02-28T23:46:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-open-interest-holds-above-3b-as-cme-group-boosts-etf-approval-hopes-crypto-news\/"},"modified":"2025-03-01T05:17:53","modified_gmt":"2025-02-28T23:47:53","slug":"xrp-open-interest-holds-above-3b-as-cme-group-boosts-etf-approval-hopes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-open-interest-holds-above-3b-as-cme-group-boosts-etf-approval-hopes-crypto-news\/","title":{"rendered":"XRP Open Interest holds above $3B as CME Group boosts ETF approval hopes &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>XRP price rebounded to $2.14 after an early Friday dip to $1.95, with open interest remaining above $3 billion, as CME Group\u2019s Solana futures announcement boosts altcoin ETF optimism.<\/p>\n<h2><strong>Ripple (XRP) price moves to defend $2 support as ETF approval edges closer<\/strong><\/h2>\n<p>Ripple (XRP) experienced significant volatility this week, influenced by impending inflationary pressures from tariffs set to commence on March 1. Early Friday, XRP\u2019s price dipped to $1.95 during European trading hours.<\/p>\n<p>However, the U.S. trading session brought renewed momentum following CME Group\u2019s announcement to introduce Solana futures contracts on March 17, pending regulatory approval. This development has sparked optimism for altcoin ETFs, leading to increased buying interest in XRP and other altcoins with pending ETF applications.<\/p>\n<figure id=\"attachment_241684\" aria-describedby=\"caption-attachment-241684\" style=\"width: 3160px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241684\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM.png\" alt=\"XRP price action, Feb 28, 2025 | TradingView\" width=\"3160\" height=\"1516\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM.png 3160w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-300x144.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-1224x587.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-768x368.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-1536x737.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-2048x983.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.21.32-AM-150x72.png 150w\" sizes=\"auto, (max-width: 3160px) 100vw, 3160px\"\/><\/noscript><figcaption id=\"caption-attachment-241684\" class=\"wp-caption-text\">XRP price action, Feb 28, 2025 | TradingView<\/figcaption><\/figure>\n<p>As a result, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\" target=\"_blank\" rel=\"noopener\">Ripple price<\/a> rebounded by 5% within the day, reaching $2.14 at press time. While Solana, the main subject CME\u2019s announcement, had its potential gains constrained by recent controversy surrounding Libra memecoin rug pull and impending 11.2 million SOL payouts from FTX Estate on March 1, investors have shifted focus to XRP, Hedera (HBAR), and Litecoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/litecoin-ltc-price-surprises-investors-with-a-pump-but-these-cryptos-might-follow-soon\/\" target=\"_blank\" rel=\"noopener\">LTC<\/a>), all of which have ETF applications under review.<\/p>\n<h2><strong>XRP open interest holds firm above $3B as traders anticipate ETF decision<\/strong><\/h2>\n<p>XRP swift rebound to $2.14 after testing a three-week low of $1.95 highlights a strong market intent to maintain the $2 support level. Trends observed within\u00a0 XRP\u2019s derivatives markets on Friday further support this narrative<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/Coinglass.com\" target=\"_blank\">Coinglass<\/a>\u2018 Open Interest data indicates that, despite a 24.4% price decline over the past five days\u2014from $2.58 on Monday to $1.95 on Friday\u2014XRP\u2019s open interest only decreased by 19.3%, from $3.73 billion to $3.01 billion in the same period.<\/p>\n<figure id=\"attachment_241686\" aria-describedby=\"caption-attachment-241686\" style=\"width: 1890px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241686\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Open Interest vs. Price | Coinglass\" width=\"1890\" height=\"606\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM.png 1890w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-300x96.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-1224x392.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-768x246.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-1536x492.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-150x48.png 150w\" data-lazy-sizes=\"(max-width: 1890px) 100vw, 1890px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241686\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM.png\" alt=\"XRP Open Interest vs. Price | Coinglass\" width=\"1890\" height=\"606\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM.png 1890w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-300x96.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-1224x392.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-768x246.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-1536x492.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.07.09-AM-150x48.png 150w\" sizes=\"auto, (max-width: 1890px) 100vw, 1890px\"\/><\/noscript><figcaption id=\"caption-attachment-241686\" class=\"wp-caption-text\">XRP Open Interest vs. Price | Coinglass<\/figcaption><\/figure>\n<p>When prices decline at quicker rate than Open Interest, it typically suggests that many bullish traders are opting to increase their margin requirements rather than liquidate their long positions.<\/p>\n<p>This behavior aligns with recent developments, as many XRP speculative traders appear to be holding out for a favorable ETF decision, with approval odds seemingly increasing. Should XRP\u2019s open interest remain above the $3 billion threshold observed this week, bearish forces may find it challenging to drive the price decisively below the $2 mark.<\/p>\n<p>In summary, XRP\u2019s resilience above the $2 support, coupled with steadfast open interest levels and positive ETF-related news, suggests a cautiously optimistic outlook for the cryptocurrency in the near term.<\/p>\n<h2>XRP Price Forecast: Consolidation above $2 keeps bears at bay<\/h2>\n<p>XRP price forecast remains neutral as the token consolidates above the critical $2 support level, signaling market indecision.<\/p>\n<p>The Bollinger Bands indicate contracting volatility, with price action oscillating around the mid-line, suggesting a potential breakout. A move above $2.50 would confirm bullish momentum, while a close below $2.10 could expose XRP to further downside risks.<\/p>\n<p>The MACD indicator leans bearish, with the signal line maintaining its downward slope, reflecting waning bullish momentum.<\/p>\n<p>The histogram prints shallow red bars, indicating diminishing selling pressure. However, if MACD flips positive, it could signal an early trend reversal favoring bulls.<\/p>\n<figure id=\"attachment_241685\" aria-describedby=\"caption-attachment-241685\" style=\"width: 3158px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241685\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Forecast\" width=\"3158\" height=\"1524\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM.png 3158w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-300x145.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-1224x591.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-768x371.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-1536x741.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-2048x988.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-150x72.png 150w\" data-lazy-sizes=\"(max-width: 3158px) 100vw, 3158px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-241685\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM.png\" alt=\"XRP Price Forecast\" width=\"3158\" height=\"1524\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM.png 3158w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-300x145.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-1224x591.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-768x371.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-1536x741.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-2048x988.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-01-at-12.20.23-AM-150x72.png 150w\" sizes=\"auto, (max-width: 3158px) 100vw, 3158px\"\/><\/noscript><figcaption id=\"caption-attachment-241685\" class=\"wp-caption-text\">XRP Price Forecast<\/figcaption><\/figure>\n<p>Trading volume remains steady, with notable buying interest emerging after XRP\u2019s 29% drop over the last eight days.<\/p>\n<p>This suggests that buyers are accumulating near key support levels. Should bulls sustain price action above $2.15, a rebound toward $2.50 remains on the table.<\/p>\n<p>However, a breakdown below $2 could accelerate losses toward the lower Bollinger Band at $1.95, placing bears in control. The coming sessions will determine whether XRP stabilizes or faces another leg down.<\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tXRP must break key resistance at $2.50, with increasing buying volume and a positive MACD crossover to confirm a bullish trend reversal.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tHigh open interest signals trader confidence, limiting downside risk as long-position holders maintain leverage despite recent price volatility. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tYes, positive ETF developments, such as CME\u2019s Solana futures announcement, boost investor sentiment, potentially driving increased demand for XRP.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-open-interest-cme-group-etf-ripple\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/xrp-price-forecast-open-interest-cme-group-etf-ripple\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>ibrahim  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price rebounded to $2.14 after an early Friday dip to $1.95, with open interest remaining above $3 billion, as CME Group\u2019s Solana futures announcement boosts altcoin ETF optimism. Ripple (XRP) price moves to defend $2 support as ETF approval edges closer Ripple (XRP) experienced significant volatility this week, influenced by impending inflationary pressures from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":376743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-376960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=376960"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376960\/revisions"}],"predecessor-version":[{"id":376964,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376960\/revisions\/376964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/376743"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=376960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=376960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=376960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}