#XRP has experienced a surge in open interest, rising 17% to hit approximately $10.37 billion. This uptick comes amid heightened trading activity following a Ripple whale move of $173 million.
Amid these whale transfers, XRP price has enjoyed bullish momentum breaking resistances and eyeing an all time high soon.
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XRP Open Interest Surges Over 18%
XRP’s open interest has risen by 18%, marking a significant increase to $10.52 billion. This push indicates that traders expect greater price volatility in the short term, and most are loading up to take advantage of the recent bullish trend in XRP.
#CryptoMarket4T XRP derivatives volume also increased by 139.84%,to $39.61 billion reflecting the growing interest in XRP as it pushes past resistance levels.