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XRP Surpasses Solana in Futures Trading Amid Legal Clarity

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by Giorgi Kostiuk

4 hours ago

XRP shows significant growth in futures trading, surpassing Solana in volumes and open interest amid positive legal developments.

Increase in XRP Trading Volume

XRP's futures trading volume reached $12.4 billion over the past 24 hours, marking a 208% increase. This allowed XRP to overtake Solana, which recorded $9.6 billion.

Rise in Open Interest and Speculative Demand

XRP's open interest also rose by more than 15%, reaching $5.9 billion. This increase indicates a growing speculative interest, attributed to optimism following Ripple and SEC's decision to dismiss appeals.

Market Situation and Potential Risks

XRP's price climbed by 7.6%, reaching $3.38 before easing to $3.27. Despite the upbeat sentiment, analysts warn of potential risks due to high open interest and possible sudden market moves.

The recent surge in XRP's futures activity reflects trader interest and potential ETF opportunities, but market participants should be aware of possible volatility.

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