$12,400,000,000 In XRP Open Interest, Price Reacts
Main Idea
XRP's open interest and trading volume have surged, flipping Solana in futures activity, amid bullish market sentiment and speculation about a potential XRP ETF.
Key Points
1. XRP's 24-hour futures volume reached $12.4 billion, a 208% increase, surpassing Solana's $9.6 billion.
2. XRP's open interest rose by 15% to $5.9 billion, indicating heightened speculative trading activity.
3. The price of XRP increased by 7.6% in 24 hours, reaching $3.27, with a peak at $3.38.
4. Market optimism follows the dismissal of the Ripple vs. SEC case, clarifying XRP's status as a non-security.
5. Traders are accumulating XRP in anticipation of a potential SEC approval for an XRP ETF.
Description
XRP open interest soaring as price jumps to multi-month high
$XRP
$3.3235
+6.56%
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