XRP has recently become a market focus again. The total market value has risen to about $94 billion, over and above the World Bank-calibre Belarus estimated $93.4 billion of GDP in 2025. At the same time, the unsettled contracts for XRP derivatives have been rising rapidly, indicating a marked increase in market participation.

Market value increased to approximately $94 billion

Citing BankXRP and World Bank data, Coimpaper states that the current total market value of XRP is approximately $94 billion at approximately $1.51 billion. This volume is not only higher than the 2025 pro-rated GDP in Belarus, but is also referred to as having exceeded the market value of ICE, an intercontinental exchange group.

This type of horizontal comparison is more in order to highlight the recent pace of the expansion of the XRP valuation, and does not mean that the market value of the currency can directly correspond to the size of the national economy or the value of traditional financial institutions. However, in terms of the impact of market dissemination, this figure is more evident in terms of emotional driving.

Increase in unsettled contracts to $3.56 billion

In addition to the increase in spot valuations, the derivatives market is being synchronized. According to market commentator ChartNerd, the XRP open contract had risen from approximately $2.3 billion to $3.56 billion, reflecting a significant increase in futures and futures and futures.

The rise in unsettled contracts usually means that more money enters the contract market, but it does not provide a separate indication of how empty it is. If leverage continues to accumulate, greater price volatility may also trigger a larger chain of liquidation.

  • Unsettled contracts: approximately $2.3 billion to $3.56 billion
  • Current price reference: approximately US$ 1.51
  • Current market value: approximately $94 billion

More and more giant whales hold 190 million.

The report also mentioned that the XRP had recently broken through two weeks of shock, with large holders aggregating around 190 million XRPs in one day. The expansion of the market value, the increase in the contract hold, and the emergence of giant whale snuffing, brought XRP back to market center.

Another context mentioned was that the United States encryption policy discussion was still warming. In an interview with the Vice President of the United States, JD Vance, Newsmax asked about linking digital assets such as XRP to United States debt, potential encrypted reserves. This statement does not in itself constitute policy progress, but shows that the XRP has moved into a broader United States encryption discussion.

Next, the market is more concerned about whether this round rise will continue to be supported by spot purchase boards rather than relying solely on leverage. If spot demand is not followed up, the higher contracting hold may also magnify subsequent fluctuations.