XRP futures markets are showing renewed strength as open interest recovers after last month’s steep decline. Data from Coinglass reveals that open interest has risen to $8.45 billion, rebounding from August’s 30% drop to $7.7 billion.
The uptick signals renewed speculative activity in the token, which is still trading below its recent high of $3.66. Analysts suggest that rising open interest reflects growing conviction among traders, often an early sign of potential volatility and momentum shifts in the market.
This resurgence in derivatives comes at a time when corporate interest in XRP is building, led by VivoPower International’s latest treasury initiatives.
VivoPower Expands XRP Holdings
VivoPower International announced plans to scale its mining arm, Caret Digital, securing bulk discounts on additional rigs. The company intends to swap mined tokens directly into XRP, lowering its cost basis and strengthening its strategic accumulation of the altcoin.
This expansion builds on earlier moves by the firm, which became one of the first publicly traded companies to adopt XRP as part of its treasury strategy. In May, VivoPower committed $121 million to the effort, pledging to balance direct purchases, mining swaps, and equity positions.
Recent treasury initiatives include:
- A $100 million Ripple equity purchase, translating to a discounted XRP cost of $0.47 per token.
- A $30 million pilot with Doppler Finance, potentially scaling to $200 million, to unlock structured yield opportunities.
- A $100 million deployment on Flare Networks, leveraging decentralized finance protocols for revenue generation.
Together, these initiatives point to a multi-pronged approach designed to grow the firm’s role as a leading institutional holder of XRP.
Corporate Activity Supports Market
VivoPower’s aggressive expansion comes as XRP gains traction among both institutional and retail investors. By diversifying its exposure through mining, equity stakes, and decentralized finance, the firm is positioning itself as a major player in token-based treasuries.
The corporate commitment is adding weight to the derivatives rebound. Traders view the increase in open interest as confirmation that XRP could regain bullish momentum after last month’s liquidation-driven downturn.
While price action has yet to retest highs, the convergence of institutional demand and derivatives activity suggests that XRP could be entering a new phase of market attention. If the momentum holds, the token may benefit from both speculative positioning and long-term treasury adoption.
Sources & Methodology
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