A surge in XRP futures open interest of over $1 billion has been observed, fueled by anticipation for a potential ETF approval slated for June 2025. This activity has seen institutional investors aggressively position themselves ahead of this event. The price of XRP has risen as a result, increasing to $2.48 from $2.14. Although Ripple’s leadership hasn’t publicly commented on the situation, market data reveals growing investment interest. Notably, increased volume and speculative trading activities have contributed to heightened market volatility, with XRP rising by 10% in just 24 hours. This has also triggered over $20 million worth of derivative liquidations, highlighting how a sudden influx of new capital is driving these trends.