The XRP derivatives market posted a sharp surge. Futures volume on the Bitmex exchange jumped 3,948.30% over a 24-hour period, according to CoinGlass data. The increase was almost entirely concentrated on that platform and marked one of the largest recent daily spikes for the token.
The surge followed a week of price declines in XRP and occurred amid elevated liquidations across the broader crypto market. At the same time, the options market reduced exposure, with open interest also falling. Afterward, open interest in XRP futures showed a moderate rebound, rising 2.15% on the day.
XRP’s price bounced after seven consecutive sessions of losses but failed to break above the $2 level, stalling at $1.98. Glassnode data shows that this threshold has concentrated weekly realized losses of between $500M and $1.2B since early 2025. Immediate support levels were located at $1.85 and $1.82
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