XRP Futures Activity Surges 32%, Signaling Bullish Tug-of-War

Recent developments in the XRP market highlight a fascinating dynamic between bullish sentiment and neutral expectations. The altcoin has seen a notable price surge of 25% since April 7th, fueled by both a strong spot market performance and surging open interest in futures contracts. This upward trend is prompting debate among analysts about its future trajectory. While open interest for XRP futures climbed by 32%, from $3.14 billion to $4.13 billion between April 21 and 23, it’s important to note that the funding rate remains nearly at zero, indicating a neutral stance between bullish and bearish forces.