CME Group Captures Larger Share as XRP Price Surges Nearly 40% in Two Weeks

Crypto token XRP has seen a significant surge in price over the past two weeks, rising from about $0.99 on August 17 to roughly $1.38 by August 31 - a gain of nearly 40 percent.

This upward movement coincided with a contraction in overall futures exposure, which often signals traders were taking risk off rather than adding leverage into strength.

The aggregate open interest in XRP futures declined from about 2.77 billion tokens to around 2.34 billion tokens over those two weeks, a drop of 16 percent, according to CoinGlass figures.

CME Group, on the other hand, recorded an opposite trend with open interest rising from 284 million tokens to about 387 million tokens, an increase of roughly 36 percent.