XRP perpetual futures open interest has surged to a 6-month high of $9.68 billion as Ripple’s deal with Ctrl Alt to power Dubai’s Real Estate Tokenization Project gains steam.
What Does XRP’s Skyrocketing Open Interest Mean
Notional open interest (OI) in XRP perpetual futures has hit $9.68 billion, eclipsing January’s roughly $8.3 billion peak, marking the highest level in six months, according to CoinGlass data.
This surge highlights explosive growth in leveraged bets, signaling strong confidence among traders.
Historically, rising futures open interest usually trigger price increases, as evidenced by XRP climbing to a 6-month peak above $3.20.
This is based on the fact that sustained positive funding rates suggest "long" traders are actively financing shorts, which shows bullish leverage.
On the macro scale, XRP has remained above its 100‑hour moving average and Ichimoku cloud, with significant support at $3 and upside potential to $3.4 if momentum holds with rising OI reflecting a strong inflow of leveraged long positions.
Therefore, the jump to $9.68 billion in open interest doesn’t just signify speculation, it underscores profound market conviction, which paints a bullish picture for XRP with the altcoin having broken above the 20-day moving average.
Ripple Seeks to Revamp Property Investment in Dubai
Ripple has entered the Middle East’s digital asset space, teaming up with leading tokenization infrastructure platform Ctrl Alt to provide institutional custody for Dubai’s government-backed real estate tokenization initiative.
Through this strategic partnership, Ctrl Alt will leverage Ripple’s institutional-grade custody tech to securely store tokenized real estate title deeds on the XRP Ledger (XRPL), supporting the landmark real estate tokenization project by the Dubai Land Department (DLD).
Recce Merrick, Ripple’s managing director of Middle East and Africa, deemed this development a game-changer and stated, “The Dubai Land Department’s Real Estate Tokenization Project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry,”
He added that this marked the Middle East’s first government-led tokenization of property title deeds on a public blockchain with DLD’s choice of the XRP Ledger highlighting its strength for real-world financial applications.
On his part, Matt Ong, CEO and Founder, Ctrl Alt, pointed out, “As the designated tokenization provider for the DLD Project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure, so it makes sense for us to partner with Ripple to use their custody technology to support this initiative.”
The Ctrl Alt CEO opined that partnering with Ripple gives them access to trusted, enterprise-grade technology that meets top security and performance standards with the primary objective being opening up Dubai real estate investment to a global audience.
Therefore, the DLD’s Real Estate Tokenization Project is a major leap for asset tokenization and property investment in Dubai, driving greater transparency, efficiency, and accessibility.
By tokenizing title deeds on the blockchain, it enables fractional ownership, allowing multiple investors to co-own property and unlocking broader market participation.
Conclusion
The DLD’s choice of the Ripple’s XRP Ledger underscores its growing reputation as a trusted platform for institutional-grade financial applications with this development marking the first time a Middle Eastern government real estate authority has tokenized property title deeds on a public blockchain.
On the other hand, the surge in XRP perpetual futures open interest to $9.68 billion reflects a powerful upward price trend, growing institutional and retail leverage, supportive technicals, improved legal outlook, and accelerating volume across venues.
These elements combine to create the possiblity of new highs with XRP’s present price sitting at $3.27, a stone’s throw away from the all-time high (ATH) price of $3.40.
