XRP Overtakes Solana as Futures Trading Volume Soars Amid ETF Speculation

XRP overtakes Solana in futures trading volume, fueled by ETF hopes and renewed market optimism.

Fridah Kangai
August 10, 2025
11:39 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

XRP futures surge past Solana amid growing ETF speculation buzz.
Legal clarity boosts XRP trading volume to record-breaking highs.
Traders eye ETF approval as XRP takes futures market lead.

XRP has surged ahead of Solana in futures market activity, with traders driving a sharp increase in both volume and open interest. According to Glassnode, XRP’s 24-hour futures trading volume hit $12.4 billion, marking a 208 percent rise.

This rally made XRP surpass Solana, which noted $9.6 billion within the same time. Solana is now $2.8 billion ahead of XRP, and the lead is unquestionably cemented in this metric on the day.

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Open Interest Spike Suggests Good Trader Positioning

The asset’s open interest increased by more than 15 percent to $5.9 billion, which indicated an increase in the value of the outstanding futures contracts. The increase indicates that traders are accumulating bigger speculative positions in the hope of market-moving events.

Analysts associate increased activity with the withdrawal of appeals by both Ripple and the SEC. This action clarified that XRP does not qualify as a security, eliminating one of the main sources of ambiguity for investors.

$XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY
— glassnode (@glassnode) August 8, 2025

ETF Hopes to Complement Market Momentum

Increasing talk of an XRP exchange-traded fund has added to bullishness. A number of ETF applications await SEC approval, and the recent legal clarity is considered to be a significant step towards their authorization.

The price of XRP reacted by rising 7.6 percent per day, taking off to a high of $3.38 after starting slightly higher than $3. Traders are keen to jump the gun in anticipation of an ETF announcement.

Signals of Potential Risk Signal High Leverage

However, with the bullish rally, market analysts caution that traders are exposed to sharp price fluctuations due to the high open interest. A sudden market turnaround may result in massive liquidations, especially on highly geared positions.

The asset has attracted increased attention since XRP is currently the most traded futures asset in Solana. Nonetheless, optimism and high leverage guarantee that volatility will continue to be a significant aspect for traders.

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