The post XRP Price Jumps on 200% Futures Volume Surge: $4.50 Target in Sight appeared on BitcoinEthereumNews.com.

Key takeaways: XRP (XRP) has risen by over 10% since Thursday, when Ripple and the US Securities and Exchange Commission (SEC) agreed to dismiss their legal appeals against one another. XRP/USD daily price chart. Source: TradingView XRP futures volume surpasses Solana XRP futures trading volume spiked over 200% in the past 24 hours to $12.4 billion, overtaking Solana’s $9.6 billion, according to onchain data resource Glassnode. XRP vs other cryptocurrencies’ futures data as of Friday. Source: Glassnode Rising futures volume often reflects heightened trader interest and speculative positioning, especially after major news events. In XRP’s case, it’s the end of the long-running SEC vs Ripple lawsuit. Open interest, which shows the value of unsettled futures contracts, also climbed 15% to about $5 billion. XRP open interest chart. Source: Glassnode At 0.01%, XRP’s positive daily funding rate suggested that most traders were taking long positions, anticipating further upside. XRP futures perpetual funding rate. Source: Glassnode Heavy long positioning can also increase downside risk, Glassnode warned. That suggested overleveraged traders could face liquidations, potentially accelerating a correction, if the price turned lower from current levels. XRP’s cost basis distribution data shows that the $2.80–$2.82 range holds the largest cluster of supply, with over 1.70 billion tokens acquired at those prices. XRP cost basis distribution heatmap. Source: Glassnode This concentration of holders could act as a key support level if prices pull back, as many traders in profit may defend their entries. XRP price technicals hint at 35% gains ahead XRP’s rise further caused its price to break above the upper trendline of a bull flag chart pattern. Its volumes rose alongside, confirming momentum behind the breakout. XRP/USD daily price chart. Source: TradingView Traditional analysts measure a bull flag’s upside target by adding the height of the previous uptrend to the breakout point.…

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Filed under: News - @ August 9, 2025 7:22 am