The latest weekly Derivatives data report from Glassnodeโs blockchain intelligence platform showcases XRP coin riding the wave of exponential growth over the past 7 days. For sure, the road has been bumpy for all major-cap altcoins since the United States President Donald Trumpโs imposed baseline tariffs on global trades.
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However, Ripple coin (XRP) is now leading the pack on Futures, where traders use leverage to speculate on the price of the underlying digital asset. All crypto currencies in the Big 4 by market capitalization have seen a noticeable growth since last week, with Bitcoin (BTC) registering 64% gains.
As per Glassnodeโs Major Assets Futures Volume (7-Day SMA Percent Change), huge volumes were also spotted on rivaling altcoins Ethereum (ETH) and Solana (SOL), both whipping up 58% volume gains in 7 days. This serves a huge contrast to March, 2025, when Derivatives markets were dropping to quarterly lows amid intense fear levels.
XRP Coin Price Struggles As Bulls Get Wiped Out
All while dropping 13.6% of XRPโs price during the same period, itโs fair to state that XRP bulls have attempted to come back ever since SWIFT confirmed XRP testing, but with no success yet. Indeed, liquidations hit amid the market mayhem massively, with April 7, 2025 being the wildest day this month so far, according to the liquidation stats from CoinGlass.
The most long Ripple (XRP) coin position liquidations came below the $1.89 price level, rubbing out $43.67M from the crypto bullsโ pocket that day. On the other hand, short-sellers, known as bears in crypto slang, also incurred a $20.69 million deficit amid the massive dip to $1.65 due to over-leveraging their positions in expectations of quicker gains.
Two days later, XRP ledgerโs native crypto rebounded to $1.83, but is still only halfway to restoring the price range prior to the April 7, 2025 market dip. Previously, XRP coin price was trading above the $2 major support area for a quarter of a year, ever since the positive headwinds of the Ripple vs. SEC legal case, SWIFT testing XRP and ETF talks behind closed doors.
On The Flipside
- XRP coinโs funding rate based on Open Interest (OI) is back in negative territory, which could make the renewed enthusiasm in leveraged plays short-lived if liquidations on both sides continue to accelerate.
Why This Matters
Despite the market currently being in an extremely fearful state due to US-imposed global trade tariffs, crypto traders who are keen to use leverage for bigger gains have returned to speculate on price, searching for rationality amid ongoing crypto & stock market havoc.
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