XRP derivatives heat up as SEC faces March 27 deadline on spot XRP ETF filings

The SEC hit a decision deadline on Friday, March 27, for multiple spot XRP ETF applications, while the agency was also expected to act on 91 pending crypto ETF filings covering 24 tokens. As the deadline approached, XRP derivatives metrics turned more risk-on, with open interest up 14.8% in 24h and perpetual funding jumping 158.19% to 0.0028. XRP was trading at $1.32 at the time of writing, down 2.95%, as markets reacted to macro and geopolitical headlines and a $13.5 billion options expiry.