According to glassnode, XRP futures open interest has jumped by over $1 billion in the past week, rising from $2.42 billion to $3.42 billion, a 41.6% increase. This significant uptick in leverage coincides with an XRP price rally from $2.14 to $2.48, signaling heightened speculative activity and stronger directional conviction among traders. For crypto market participants, this combination of rising open interest and price momentum suggests increased volatility and potential short-term trading opportunities in XRP futures markets (source: glassnode, May 13, 2025).