XRP Shows Price Surge and $3.76 Billion Open Interest

by Giorgi Kostiuk

6 hours ago

In the last 24 hours, XRP demonstrated a 5.61% increase, correlating with a rise in open interest, reaching $3.76 billion.

Price Surge of XRP

XRP surged by 5.61%, trading at approximately $2.20. This increase occurred amid a steady stream of buy orders, indicating high investor activity.

Trading Volume and Liquidity

The 24-hour trading volume of XRP was $4.27 billion, marking a slight increase of 0.71%. This stable volume, alongside the price rise and open interest, indicates a healthy trading environment.

Market Confidence and Open Interest

The increase in open interest to $3.76 billion highlights heightened activity in the XRP derivatives market. This reflects greater trader confidence in their positions. Additionally, recent XRP futures traded on CME Group reached a monthly high of $542 million.

Thus, confidence in the XRP market continues to grow, driven by consistent interest from both individual and institutional traders.

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