TLDR
- XRP open interest increased by 2.98% reaching a total of 4.61 billion dollars.
- Trading volume for XRP surged by 8.26% bringing it to 7.73 billion dollars.
- The odds of XRP ETF approval rose by 16 % and now stand at 87 percent.
- The chances of ETF approval by July 31 dropped by 39% falling to just 14 percent.
- The SEC halted the Grayscale ETF which was expected to include XRP among other assets.
XRP has seen a significant surge in market activity as its open interest and ETF optimism rise sharply. Trading volume has spiked, investor confidence is growing, and institutional interest continues to expand across multiple fronts. However, uncertainty over regulatory decisions and recent delays in other ETF approvals continue to weigh on near-term expectations.
XRP Market Activity Rises Amid Renewed Interest
XRP open interest has climbed by 2.98%, reaching $4.61 billion, reflecting stronger engagement from derivatives traders. Volume has also jumped by 8.26% to $7.73 billion, suggesting heightened momentum in current market conditions. These developments are occurring as optimism builds around Ripple’s progress toward securing a banking license.
Increased market participation signals rising expectations for future price growth as XRP builds support above key technical levels. This aligns with analyst views highlighting a potential breakout beyond $2.25, targeting further gains. However, some resistance remains at $2.268, which could stall momentum temporarily before another rally attempt.
CasiTrades has noted the possibility of a short pullback to $2.235, which could provide renewed bullish momentum. If buying pressure holds firm, XRP may advance toward $2.69, driven by ETF hopes and institutional inflows. As more market participants engage, XRP’s price dynamics appear poised for sharper moves in the short term.
🚨All Eyes on $2.23 – XRP’s Next Wave Starts Here! 🚨$XRP has continued to show strength off consolidation, and the Ripple bank charter application added serious momentum at just the right time. 👀That news helped push us above the $2.25 resistance ((once again)).
We’re… pic.twitter.com/sjpvAsNzHV
— CasiTrades 🔥 (@CasiTrades) July 3, 2025
ETF Approval Odds Improve But Timeline Slips
The likelihood of an XRP ETF approval has increased by 16%, now standing at 87%, based on the latest estimates. This change indicates broader optimism despite regulatory delays and procedural uncertainties surrounding crypto-based financial products. However, projections for approval by July 31 have fallen 39%, now estimated at just 14%.
The SEC’s recent freeze on the Grayscale Digital Large Cap ETF has contributed to this decline in short-term confidence. XRP was set to be included in the ETF alongside Bitcoin, Ethereum, Solana, and Cardano. While staff had approved the move, SEC commissioners halted it under Rule 431(e), citing no specific reason.
This intervention created regulatory tension, making the XRP community question future ETF treatment and inclusion. Still, ETF proposals from Franklin Templeton, Grayscale, and others remain active with 10 applications pending. Tuttle Capital Management also plans to launch leveraged XRP ETFs by July 16, boosting anticipation.
Institutional Interest and Competitor Momentum Build Up
Institutional players have committed nearly $1 billion to XRP reserves, strengthening confidence in the asset’s long-term outlook. This signals increased corporate demand as crypto integration in finance accelerates across regulated frameworks. Despite uncertainty, the ETF momentum continues to attract large-scale investors.
Meanwhile, the U.S. launch of the Solana ETF saw $33 million in first-day volume, setting a strong benchmark. This performance has intensified interest in expanding ETF offerings to include XRP and similar assets. Positive sentiment from Solana’s debut may influence upcoming decisions on XRP’s ETF trajectory.
