Hyperliquid Flips XRP in Futures Open Interest
Analysis
Price Impact
MedHyperliquid has surpassed xrp in futures open interest, indicating increased trader interest in hype for derivatives. while xrp's spot price is currently stronger, this shift in derivatives suggests potential future pressure on xrp if the trend continues.
Trustworthiness
MedPrice Direction
BearishThe decrease in futures open interest relative to a rising competitor suggests a potential decline in speculative interest and capital flowing into xrp's derivatives market, which could translate to downward pressure on its price.
Time Effect
ShortThe shift in open interest and the differing daily price movements indicate a near-term change in market sentiment and trading activity.
Original Article:
Article Content:
Cover image via U.Today HYPE OI hits $1.45 billion Hyperliquid Vs XRP Advertisement As Hyperliquid (HYPE) continues to make waves in the crypto market, pulling strong price moves and impressive network activity, the altcoin has finally outpaced XRP in the derivatives market. Latest data from Coinglass shows that HYPE has overtaken XRP in crypto futures open interest, claiming the fourth largest open interest, a position previously held by XRP. HYPE OI hits $1.45 billion The data shows that HYPE now has a massive $1.45 billion in futures open interest, surpassing XRP, which is currently sitting at $1.12 billion. HOT Stories XRP's Price Health Is on the Line, Did Shiba Inu (SHIB) Finally Bottom? Ethereum's (ETH) Mini-Golden Cross: Crypto Market Review Early Uber Investor: Bitcoin Has Strategy Problem While open interest typically measures the total value of active futures contracts that have yet to be settled on a specific crypto asset, Hyperliquid now ranking in fourth place behind only Bitcoin, Ethereum, and Solana suggests that futures traders are largely betting on the asset instead of XRP. Advertisement You Might Also Like Fri, 07/10/2026 - 10:59 Zcash (ZEC) Surges 28% in Volume, Beating Bitcoin, Ethereum and Hyperliquid By Arman Shirinyan Simply put, crypto futures traders are strongly participating in Hyperliquid, and its derivatives market is rapidly gaining traction over XRP. Hyperliquid Vs XRP It is important to note that Hyperliquid has flipped XRP in open interest despite HYPE slipping 1.28% over the past 24 hours to around $59.24. Advertisement Meanwhile, XRP has surged modestly by 1.26% to about $1.09, suggesting that XRP is currently pulling stronger moves than HYPE in the spot market. Nonetheless, the mild surge in XRP's trading price was not enough to keep it ahead in the futures rankings. Regardless, XRP still remains ahead of HYPE in the broader crypto market, maintaining its position as the fourth largest crypto asset by market capitalization. #Hyperliquid #XRP #Bitcoin