XRP Futures Surge Amid Escrow Unlock Concerns: Traders Weigh Bullish and Bearish Signals

Key Points

1. XRP's 24-hour futures volume reached $12.4 billion, surpassing Solana's $9.6 billion, with Open Interest rising 15.02% to $5.9 billion.

2. Over $3.28 billion in XRP was unlocked from escrow on August 9, split into batches of $1.64 billion, $328 million, and $1.32 billion, raising concerns about market stability.

3. High leveraged shorts worth $150 million are at risk of liquidation if bullish momentum continues, potentially causing a short squeeze.

4. The escrow unlock could lead to increased selling pressure by expanding the circulating supply, injecting uncertainty into the market.

5. XRP emerged as the third-highest cryptocurrency in 24-hour liquidations due to the surge in futures volume and Open Interest.