The derivative interest in XRP has reached unprecedented levels as optimism grows around a potential price surge. The open interest, a metric indicating the total value of open futures trades, reached an all-time high on January 12. This surge comes as XRP's price has seen a surprising spike, with a 10% increase on Saturday. The positive sentiment and growing liquidity have attracted derivative traders and created expectations of a bounce in XRP's price. Bitget, Bybit, and Binance are among the top exchanges leading the way in derivative interest for XRP. Ripple's recent launch of the Ripple-USD stablecoin and the buzz around an XRP exchange-traded fund have also contributed to the increased interest in XRP. The recent meeting between Ripple's CEO and US President-elect Donald Trump further added to the bullish sentiment. However, XRP is still trading within a micro range, and it needs to break through the upper range at $2.9000 to retest its all-time high. As of now, XRP is trading at $2.4516, up 18% year-to-date.



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