#数字资产市场洞察 XRP Spot ETF open interest突破1亿枚大关

Franklin's XRP Spot ETF open interest has surpassed 100 million coins for the first time, corresponding to a market value of nearly 200 million dollars. What does this number behind it mean? Institutional funds are making their stance clear with actual actions — XRP, as a representative of payment scenarios, has indeed gained recognition from traditional finance.

Why are institutions willing to take real actions?

Ripple's cross-border payment network has a clear business logic. Each transaction costs only $0.0002 and settles within 3 to 5 seconds, making this efficiency metric a benchmark against the traditional SWIFT system, and its advantages are self-evident. With the gradual progress of the SEC lawsuit and the easing of regulatory attitudes, institutions finally have the confidence to make large-scale investments. The ETF Holdings surpassing 100 million is a direct reflection of this confidence.

How do you view the technical aspect?

XRP has firmly established a key resistance level at $2.6. If it breaks this level in the next round, $3 and even $5 are within possible range. However, there is a risk factor that cannot be ignored - whale wallets are concentrated with 41% of the tokens. Once a large sell-off occurs, short-term volatility is inevitable. The current technical support level is at $2.6, and if it falls below this point, we need to see if $2.25 can hold.

What does the future of regulation determine?

If the SEC finally approves the XRP Spot ETF, it would not only be a document but also an official endorsement of XRP's non-security status. The market reaction could far exceed a mere price increase. However, if regulation continues to delay, the risk should not be taken lightly—XRP may retrace to around $1.5. The good news is Ripple's reserve of $1 billion in digital assets, which can stabilize market expectations and leave ample room for future ecosystem development.

How to participate?

There is no shortage of voices in the market saying "it will rise to $10", but the rational approach is: pay attention to the changes in the fund flow of ETFs, test the waters with 30% of your holdings, and keep the remaining 70% in cash for flexibility, waiting for better pullback opportunities. The cryptocurrency market has never been a "lay down and earn" game; those who truly go far are participants who understand when to take profits and cut losses in a timely manner.