XRP Surges 40% as CME Futures Market Share Climbs to 17%

XRP rose approximately 40% over the past week to reach $1.41, outperforming both Ethereum and Bitcoin. During the same period, open interest for XRP futures on the CME increased by 36%, raising the exchange's market share in total XRP futures exposure from 10% to 17%, signaling an influx of institutional capital. Notably, total market-wide open interest for XRP futures declined by 16% between August 17 and August 31, suggesting that the recent price rally is supported by lower leverage.