XRP futures on CME Group hit a significant milestone, reaching $1 billion in open interest just three months into launch. This rapid growth indicates increasing institutional involvement in the cryptocurrency market and fuels optimism for XRP’s future. Ripple CEO Brad Garlinghouse celebrated this development, highlighting the potential of XRP to gain traction in financial markets. Although price action for XRP remains relatively stagnant at around $2.82, the surge in institutional interest is a strong indicator of future growth. The possibility of spot XRP ETFs gaining regulatory approval later this year could further fuel this momentum, potentially driving substantial price increases.