Fast Facts
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Bitrue reported a 212% increase in XRP spot buying on February 26, significantly outpacing sell orders, driven by substantial institutional investments through new XRP exchange-traded funds (ETFs).
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Despite the surge in spot demand linked to about $1.1 billion in ETF inflows, XRP futures open interest has declined across major platforms, indicating a cooling in leveraged trading.
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XRP’s current price is $1.44, with mixed performance trends: up 5% in 24 hours but down over 23% in the past month, revealing a market balancing rather than a clear bullish trend.
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Bitrue forecasts a potential supply squeeze for XRP due to growing retail and institutional support, which could enhance its performance against competitors in Q2 2026.
XRP Spot Buying Surges While Futures Open Interest Declines
XRP spot buying has surged dramatically, with Bitrue reporting a 212% increase on February 26. This spike comes as institutional investors allocate more capital into newly launched XRP exchange-traded funds (ETFs). Consequently, buy orders on Bitrue outpaced sell orders by more than two to one.
Bitrue linked this growth to approximately $1.1 billion in cumulative ETF inflows. As demand rises, the available supply could tighten in the upcoming months. The exchange highlighted that sustained institutional accumulation has driven this trend.
However, the futures market presents a contrasting scenario. XRP futures open interest has declined significantly across major platforms. For example, Binance reported a decrease of 7.7 million XRP, while Bybit experienced a reduction of around 12 million tokens. Additionally, the three-month moving average for XRP futures volume sits at its lowest since November 2024, around $87 billion.
Currently, XRP trades at approximately $1.44, reflecting a nearly 5% rise in the last 24 hours. Despite some short-term gains, the token remains down over 23% in the past month and nearly 38% year-over-year, significantly lower than its all-time high of $3.65 in July 2025.
The divergence between rising spot demand and decreasing derivatives activity signals a market rebalancing rather than unified bullish momentum. Open interest stands near $2.37 billion, indicating that traders are reducing risk after a period of volatility.
Market analyst CasiTrades notes that XRP remains range-bound between $1.38 and $1.48. Resistance levels hover around $1.40 and $1.65. To break these levels, stronger ETF inflows and broader market participation will be essential.
Despite the mixed signals, Bitrue anticipates that increased retail and corporate support could lead to a supply deficit. This potential trend may enable XRP to outperform major competitors in the coming months. The exchange believes that a supply squeeze could ultimately boost XRP’s market performance.
As the landscape of cryptocurrency evolves, the balance between spot buying and futures activity sheds light on investor sentiment and market dynamics.
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