XRP’s open interest has experienced a significant surge, reaching $3.4 billion in just a week, indicating a notable influx of speculative capital. This increase coincides with the token’s impressive 20% weekly gain and aligns with increased activity in derivatives markets. Glassnode highlights that this sharp rise surpasses market growth rates, suggesting strong trader conviction and potential for sustained upside. Further fueling this momentum are institutional investors. The XXRP ETF has seen five consecutive weeks of inflows, attracting $14 million last week alone, even at a higher management fee compared to most Bitcoin ETFs. This surge is further bolstered by the rising anticipation for a spot XRP ETF approval from the SEC, with Polymarket predicting an 80% chance of approval in 2025, driving confidence among investors and traders alike.