XRP futures trading volume skyrocketed 208% to $12.4 billion within 24 hours after Ripple resolved its prolonged legal dispute with the U.S. Securities and Exchange Commission. This dramatic spike signals a resurgence of market confidence in the digital asset, accompanied by a substantial increase in open interest.
Reacting to the landmark resolution, XRP’s price surged over 10% as market participants swiftly capitalized on the development. The growth in XRP’s futures market significantly outperformed other major cryptocurrencies, cementing the lawsuit’s outcome as a pivotal catalyst.
The resolution not only boosts XRP’s immediate market performance but is also projected to positively influence broader cryptocurrency market sentiment moving forward.