📈 XRP Derivative Open Interest Surpasses $4 Billion — Bullish Signal?

The open interest (OI) value of XRP derivatives surged to $4.09 billion in the last 24 hours — up 5.21%! This increase reflects growing market confidence in XRP's long-term potential, which is now the third-largest cryptocurrency by market cap.

For those who may not know, open interest indicates the number of futures contracts that are still active. An increase in OI is often interpreted as a signal of rising interest and activity from traders.

Interestingly, data shows that traders on Bitget are the most optimistic about XRP, with an OI share of 27.73%, followed by Binance (18.81%) and Bybit (17.01%).

📊 This activity often serves as an early indicator of upward price movement — also known as a bullish signal. Although XRP's price remains volatile, this OI surge could be the start of a new positive momentum for XRP.

Is it time for XRP to strengthen again? 🚀

#news_update #BinanceSquare #MyCOSTrade #BinanceAlphaAlert $XRP