Institutional Pivot: Why XRP Spot Buying Is Skyrocketing While Futures Open Interest Slumps
Bitrue stated on February 26 that it recorded a 212% bounce in XRP spot shopping for as institutional traders continued allocating capital by way of newly launched XRP exchange-traded funds (ETFs).
The change linked the spike to roughly $1.1 billion in cumulative ETF inflows, arguing that regular demand from funds and retail merchants might tighten accessible provide within the months forward.
Spot Buying Jumps as ETF Inflows Build
In a submit on X, Bitrue said XRP purchase orders on its platform outpaced promote orders by greater than two to 1.
“We recorded a 212% enhance in XRP spot buy volumes, outpacing the promote aspect by over 2x,” the change posted on X.
It attributed the imbalance to sustained institutional accumulation because the debut of XRP ETFs, which it claims have drawn $1.1 billion in internet belongings, although knowledge from SoSoValue showed there have been muted ETF flows in current days.
However, the derivatives market tells a unique story. According to CryptoQuant, XRP futures open curiosity has fallen throughout main platforms over the previous 90 days, with Binance recording a lower of seven.7 million XRP and Bybit displaying a bigger discount of round 12 million tokens. Furthermore, the three-month transferring common for XRP futures quantity has dropped to its lowest degree since November 2024, settling at roughly $87 billion.
Looking at XRP’s broader market construction, it was buying and selling round $1.44 on the time of writing, up almost 5% within the final 24 hours and about 2% throughout the week. Even so, the token continues to be down greater than 23% over the previous month and nearly 38% throughout the previous 12 months, far beneath its July 2025 all-time high of $3.65.
Cooling Leverage Meets Steady Spot Demand
The divergence between spot accumulation and falling derivatives exercise suggests a shift in market composition reasonably than uniform bullish momentum. Open curiosity now stands close to $2.37 billion per CoinGlass figures, and the contraction in leveraged positions might replicate merchants decreasing danger after months of volatility.
From a worth standpoint, XRP stays range-bound between $1.38 and $1.48 over the previous 24 hours. One market watcher, CasiTrades, flagged resistance round $1.40 and $1.65, with assist close to $1.11 and $0.87. According to them, a sustained transfer above these resistance ranges would possible require stronger follow-through from ETF inflows and broader market participation.
As such, contemplating the broader knowledge, Bitrue’s reported spike in spot shopping for highlights agency exchange-level demand, however the wider knowledge present a market that’s rebalancing reasonably than accelerating.
Nonetheless, the crypto change is predicting that rising retail and company assist might result in a provide deficit that will push up the Ripple token’s efficiency sufficient to beat main rivals this 12 months.
“With assist growing from retail and institutional ranges, Bitrue is forecasting a possible provide squeeze, which is able to possible lead to XRP outperforming key opponents over Q2 2026,” wrote Bitrue.
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