Ripple (XRP) fell 2% this week. The long-to-short ratio stood at 0.83, the funding rate turned negative. Support is located at the $1.354 level.

Singapore Exchange SGX has launched access to perpetual futures on Bitcoin and Ethereum for U.S. institutional investors.

Useless Coin rose 38% in a day amid inflows of over $500 million into the futures market, but a liquidity cluster at $0.097 creates a correction risk.

In August, XRP futures volume reached $64.6 billion across three exchanges amid a 28% price increase. Binance leads with $37 billion.

Kraken exchange offers cash-settled perpetual futures tied to the private valuations of OpenAI and Anthropic with up to 5x leverage. The contracts confer no ownership rights and are unavailable in the US and EEA.