AlphAIAlphAI — Financial news for AI agents
coingape.comSEP 232 min read$XRP-USD

XRP Surpasses Hyperliquid, Zcash in Futures Open Interest with $9B Volume on CME & Binance

XRP futures open interest surpassed Hyperliquid and Zcash, reaching a 9-month high of $4.10 billion. Trading volume on CME and Binance hit $9.4 billion, with XRP's price rising 7% to $1.62. The surge was driven by derivatives trading, spot ETF inflows, and broader market recovery. XRP saw $17 billion in liquidations, with short positions totaling $9.50 million closed.

Original reporting
coingape.com
Published Sep 23, 2026, 9:43 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 23, 2026, 10:06 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
XRP Surpasses Hyperliquid, Zcash in Futures Open Interest with $9B Volume on CME & Binance — source image
Source · coingape.com
Decision brief

The 30-second read

$XRP-USDBullishMed
01

Why it matters

The surge in futures interest signals strong short‑term buying pressure, potentially extending the recent price rally.

02

Market read

XRP's futures market activity may influence broader crypto derivative trading and price dynamics.

03

What to watch

Regulatory scrutiny of XRP may still limit upside despite short‑term demand.

Relevance 7/10Novelty 7/10Timing: today

Background

The article reports fresh Coinglass data on XRP futures OI and volume, a first‑time disclosure of these numbers.

Company-level read

Ticker impact

$XRP-USDBullishHigh confidence
Context

XRP futures open interest surged $4.1B to a 9‑month high, driving a 7% price jump to $1.62.

Expected impact

Potential further upside of 5‑10% in the next 1‑3 days if buying persists.

Evidence & confidence

Large OI growth on CME and Binance indicates institutional demand; price already rose 7% on the news.

Market effects

Sector

Boosts sentiment for crypto derivatives and may lift other high‑volume tokens.

Regional

U.S. and Asian crypto markets could see increased futures activity.

Global

Highlights growing institutional interest in XRP across major exchanges.

Counterpoint

What could challenge this read

If OI spikes are driven by short covering, a rapid unwind could trigger a pullback.

Key entities

  • cryptocurrency
    XRP

    Ripple‑linked digital asset experiencing a futures OI surge.

  • exchange
    CME Group

    Major futures venue where XRP OI rose 16% in 24 hours.

  • exchange
    Binance

    Crypto exchange reporting a 10% OI increase for XRP futures.

Read at source← All news

Related articles

SEP 23
$XRP-USDLow

Nearly $20 million in XRP drained from 6,678 wallets across six attack waves

Nearly $20 million in XRP was drained from 6,678 wallets in six waves over a week, according to blockchain analysis firm XRPL.to. The thefts began on Sept. 15 and continued until Sept. 20, with funds moving through THORChain and other exchanges. DCENT, whose mobile App Wallet was involved, advised users to move assets to new wallets and warned of potential impersonation scams. The company is working with law enforcement to trace and freeze funds.

cryptorank.io2 min
SEP 23
$BTC-USDMed

Bitcoin and Ethereum Tick Higher as SEC Lays Out a New Crypto Capital Framework

Bitcoin and Ethereum prices rose Wednesday, with BTC up 0.3% and ETH up nearly 10% by afternoon. The SEC proposed Regulation Crypto Assets, offering clearer rules for digital asset companies to raise capital. The framework includes two exemption tiers and a safe harbor provision for functionally decentralized projects. SEC Chair Atkins stated the rules aim to prevent offshore crypto activity but noted Congress needs to pass legislation.

fxleaders.com3 min
SEP 23
$XRP-USDMed

Ripple XRP Batch Upgrade: September 29 Activation Explained

Ripple's XRP Ledger Batch amendment may activate on September 29, backed by 30 of 35 validators. XRP is trading at $1.58, up 22.2% for the week. RippleX reports institutional interest but no live deployments. The upgrade allows grouping transactions, with all-or-nothing mode attracting institutional attention. Validator support could still change before activation.

99bitcoins.com2 min
SEP 23
$XRP-USDMed

XRP reclaims $100 billion market cap; Here’s what’s next

XRP's market cap surpassed $100 billion on September 23, 2026, with a 4% price increase to $1.6, driven by whale activity and rising trading volume. Network growth and institutional interest, including Bitwise's XRP ETF filing, also contributed. XRP's price remains 60% below its record high, with key support at $1.57.

finbold.com2 min