XRP futures open interest hits 5-month high
2025-07-09 09:42:01
Main Idea
Open interest in XRP futures has surged to its highest level since January, with strong inflows on South Korea's Upbit supporting demand despite outflows on other major exchanges.
Key Points
1. XRP futures open interest peaked at 800 million XRP before settling at 743 million, a 33% rise from the June 22 low.
2. XRP's spot price remains steady at around $2.33, up 2.34% in the past 24 hours and 6.27% over the past week.
3. South Korea's Upbit shows strong XRP inflows, while other major exchanges have witnessed outflows exceeding $8.82 million.
4. XRP open interest in USD terms is climbing, and funding rates remain positive.
5. The price is largely supported by localized Korean buying pressure.
Description
Open interest in XRP futures has surged to its highest level since January, reaching a peak of 800 million XRP before settling at 743 million, a 33% rise from the June 22 low, according to data retrieved by Finbold from Coinglass . XRP open interest. Source: Coinglass This spike in cumulative futures positions signals growing confidence among derivatives traders, even as XRP’s spot price holds steady at around $2.33, up 2.34% in the past 24 hours and 6.27% over the past week. XRP funding rate. S...
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