I noticed an interesting movement in XRP derivatives — trading volumes on one of the major derivative platforms surged by 1185% in a single day to $17 million. Usually, such a spike in activity indicates that traders are preparing for significant price fluctuations.

But here’s the paradox — the price of XRP itself fell by 2.14% to $1.45. It seems to be a typical end-of-week scenario: the dollar is strengthening, crypto is under pressure, and everyone is worried about the US labor market data. Plus, talks about possible Federal Reserve rate cuts next year add to the uncertainty.

Meanwhile, XRP still increased by 5.22% over the week — not too bad. And here’s the interesting part: institutional clients now have the opportunity to trade XRP futures on a regulated US market. This could change the game for large players in derivatives trading.