Open interest in XRP futures increased by more than $1 billion in one week to $3.42 billion (Glassnode), contributing to the price rise.
The price of XRP surged from $2.14 to ~$2.54, and the daily trading volume now exceeds $10.6 billion.
Analyst Ali Martinez notes that XRP has broken through key resistance; blockchain data indicates further growth potential.
XRP is attracting significant attention in the cryptocurrency market mainly due to a sharp increase in open interest in futures (OI). Glassnode data shows that open interest in XRP futures rose by more than $1 billion in the last week. This surge lifted OI from $2.42 billion to $3.42 billion.