Rising XRP Futures at CME Amid Price Surge as Apeing Presale Momentum Grows

XRP's recent price surge has caught the attention of traders and investors as it continues to rally. The token's price has increased by nearly 40% in two weeks, with its value rising from approximately $0.99 to $1.38.

This movement is notable because typically a sharp rally would draw in more leveraged speculation, pushing open interest higher alongside the price. However, the opposite happened: a large share of existing leveraged positions appears to have been unwound or forced out as the rally accelerated, rather than fresh leverage piling in behind it.

This pattern is often associated with short squeezes, where traders betting against a move get forced to close positions as price runs past their stop levels, adding fuel to the rally itself before leverage resets to a lower base.