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Why XRP Spot Buying Is Skyrocketing While Futures Open Interest Slumps

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XRP Leads Altcoin Inflows While Bitcoin Investment Products Struggle


Bitrue reported a 212% surge in spot buying for XRP on February 26, with buy orders more than doubling sell pressure.

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 the months ahead.

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Spot Buying Jumps as ETF Inflows Build

In a post on X, Bitrue said XRP buy orders on its platform outpaced sell orders by more than two to one.

“We recorded a 212% increase in XRP spot purchase volumes, outpacing the sell side by over 2x,” the exchange posted on X.

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 there have been muted ETF flows in recent days.

However, the derivatives market tells a different story. According to CryptoQuant, XRP futures open interest has fallen 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 at approximately $87 billion.

Looking at XRP’s 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.

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Cooling Leverage Meets Steady Spot Demand

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.

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From a price standpoint, XRP remains range-bound between $1.38 and $1.48 over the past 24 hours. One market watcher, CasiTrades, flagged 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.

As such, considering the broader data, Bitrue’s reported spike in spot buying highlights firm exchange-level demand, but the wider data show a market that is rebalancing rather than accelerating.

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’s performance enough to beat major rivals this year.

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“With 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,” wrote Bitrue.

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Crypto World

FBI Warns of Impersonation Phishing Scam on Tron

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FBI Warns of Impersonation Phishing Scam on Tron

Scammers impersonating the FBI via a token are telling Tron users they are under investigation and must complete a check to avoid having their assets frozen.

The US Federal Bureau of Investigation says a scam using a token on the Tron blockchain is impersonating the agency with the aim of grabbing personal information.

FBI New York’s X account shared on Thursday a message some Tron users received via a token bearing the agency’s name and seal that said their wallet was “under investigation.”

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The message then prompts the recipient to complete a sham anti-money laundering verification online “to avoid a total block on your assets.” 

The on-chain message that Tron users received. Source: FBI

The message uses the same urgent call to action as many phishing scams in crypto that steal billions each year. In April, the FBI said it received over 140,000 complaints referencing crypto scams in 2024, resulting in $9.3 billion worth of losses, a 66% increase from the year before.

The FBI told Tron users to “exercise caution” if they encounter the fake token and urged them not to provide “any identifying information to any website associated with such token.”

The FBI said those who may have already sent information to the scammers should file a report with the Internet Crime Complaint Center.