-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
By Helene Braun, AI Boost|Edited by Stephen Alpher
Aug 26, 2025, 8:43 p.m.
- XRP led a broad crypto rebound Tuesday, gaining 6% as traders jumped back in after Monday’s sell-off.
- CME crypto futures hit $30B in open interest, with XRP becoming the fastest contract to cross the $1B mark.
- Analysts warn of overheated sentiment ahead of Friday’s PCE inflation data, a key signal for the Fed’s next move.
Altcoins bounced back sharply on Tuesday after a steep sell-off over the prior 48 hours, with traders seizing lower prices as an opportunity to re-enter the market.
STORY CONTINUES BELOW
XRP led the recovery, gaining 6% over the past 24 hours. Solana SOL$193.96 and dogecoin DOGE$0.2182 each climbed about 4.5%, while ethereum ETH$4,578.55 added 5% over the same period. Open interest across these tokens also ticked higher, signaling renewed speculative activity. XRP once again stood out, with its open interest rising 4.2% in the past day.
The uptick comes as CME Group announced earlier Tuesday that its crypto futures suite surpassed $30 billion in notional open interest for the first time. SOL and XRP futures each crossed the $1 billion mark, with XRP becoming the fastest contract to reach that level—doing so in just over three months. Analysts see this milestone as evidence of market maturity and growing institutional participation in crypto derivatives, not to mention the sort of interest a spot XRP ETF might generate.
“Think people might be underestimating demand for spot XRP ETFs,” wrote ETF expert Nate Geraci.
The broader market also strengthened, with the CoinDesk 20 Index (CD20) up 3.6% on Tuesday. Bitcoin BTC$111,284.86 lagged behind, gaining only about 1%, but did cross back over the $111,000 mark after dropping below $109,000 at one point hours earlier.
Both bitcoin and ether hit record highs earlier this month, lifted by expectations of monetary easing and increased institutional demand. Yet sentiment may be running too hot, according to blockchain analytics firm Santiment. In a report published Sunday, the firm warned that optimism around a potential Federal Reserve rate cut in September has reached levels that often precede corrections.
“While optimism about a rate cut is fueling the market, social data suggests caution is warranted,” Santiment said, pointing to a spike in online chatter around the Fed decision. The firm cautioned that if expectations of easing fail to materialize, the market could see a “swift correction.”
Traders are now watching Friday’s release of the Personal Consumption Expenditures (PCE) Price Index as a key signal for the Fed’s next move.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
More For You
5 hours ago
Derivative milestone comes as spot XRP weathers sharp $2.96–$2.84 swing on 217 million volume and institutional flows step back in.
What to know:
- CME Group’s crypto futures suite has surpassed $30 billion in notional open interest, with SOL and XRP futures each crossing $1 billion.
- XRP became the fastest contract to reach $1 billion in notional open interest, achieving this milestone in just over three months.
- Despite regulatory pressures in the U.S., corporate adoption and pilot remittance programs keep XRP in focus, with institutional flows supporting its price action.
