XRP contract open interest exceeds $800 million, more than doubling in the past seven days
The open positions of XRP futures contracts have more than doubled in the past 7 days, indicating an increase in investors' expectations for future price fluctuations. CoinGlass data shows that the open positions of XRP contracts have reached $811 million, the highest level since mid-April, with a 24-hour increase of 21.83%. According to CoinGecko data, during this period, XRP trading volume surged from $2 billion to $3.6 billion. In addition, data from Coinalyze shows that over 60% of the XRP futures contracts opened in the past 24 hours were long bets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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