Bitrue said on February 26 that it recorded a 212% jump in XRP spot buying as institutional investors continued allocating capital through newly launched XRP exchange-traded funds (ETFs).<\/p>\n
The exchange linked the spike to roughly $1.1 billion in cumulative ETF inflows, arguing that steady demand from funds and retail traders could tighten available supply in the months ahead.<\/p>\n
In a post on X, Bitrue said<\/a> XRP buy orders on its platform outpaced sell orders by more than two to one.<\/p>\n \u201cWe recorded a 212% increase in XRP spot purchase volumes, outpacing the sell side by over 2x,\u201d the exchange posted on X.<\/p>\n It attributed the imbalance to sustained institutional accumulation since the debut of XRP ETFs, which it claims have drawn $1.1 billion in net assets, even though data from SoSoValue showed<\/a> there have been muted ETF flows in recent days.<\/p>\n However, the derivatives market tells a different story. According to CryptoQuant, XRP futures open interest has fallen<\/a> across major platforms over the past 90 days, with Binance recording a decrease of 7.7 million XRP and Bybit showing a larger reduction of around 12 million tokens. Furthermore, the three-month moving average for XRP futures volume has dropped to its lowest level since November 2024, settling<\/a> at approximately $87 billion.<\/p>\n Looking at XRP\u2019s broader market structure, it was trading around $1.44 at the time of writing, up nearly 5% in the last 24 hours and about 2% during the week. Even so, the token is still down more than 23% over the past month and almost 38% across the past year, far below its July 2025 all-time high of $3.65.<\/p>\n The divergence between spot accumulation and falling derivatives activity suggests a shift in market composition rather than uniform bullish momentum. Open interest now stands near $2.37 billion per CoinGlass figures, and the contraction in leveraged positions may reflect traders reducing risk after months of volatility.<\/p>\n From a price standpoint, XRP remains range-bound between $1.38 and $1.48 over the past 24 hours. One market watcher, CasiTrades, flagged<\/a> resistance around $1.40 and $1.65, with support near $1.11 and $0.87. According to them, a sustained move above those resistance levels would likely require stronger follow-through from ETF inflows and broader market participation.<\/p>\n As such, considering the broader data, Bitrue\u2019s reported spike in spot buying highlights firm exchange-level demand, but the wider data show a market that is rebalancing rather than accelerating.<\/p>\n Nonetheless, the crypto exchange is predicting that growing retail and corporate support could lead to a supply deficit that may push up the Ripple token\u2019s performance enough to beat major rivals this year.<\/p>\n \u201cWith support increasing from retail and institutional levels, Bitrue is forecasting a potential supply squeeze, which will likely result in XRP outperforming key competitors over Q2 2026,\u201d wrote Bitrue.<\/p>\n The post Institutional Pivot: Why XRP Spot Buying Is Skyrocketing While Futures Open Interest Slumps<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitrue said on February 26 that it recorded a 212% jump in XRP spot buying as institutional investors continued allocating capital through newly launched XRP exchange-traded funds (ETFs). The exchange linked the spike to roughly $1.1 billion in cumulative ETF inflows, arguing that steady demand from funds and retail traders could tighten available supply in […]<\/p>\n","protected":false},"author":0,"featured_media":138312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-138311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138311"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138311"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/138311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/138312"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Cooling Leverage Meets Steady Spot Demand<\/h2>\n