Open Interest XRP Breaks US$3.80 Billion Amid 2.15% Price Surge
*Open interest* (OI) XRP surged to US$3.80 billion in the last 24 hours, as the price of XRP rose 2.15% to US$2.18 on Wednesday (25/06). This surge in *open interest* indicates that more traders are opening positions, reflecting confidence and anticipation of further price movements.
The simultaneous increase in price and *open interest* usually signals the influx of new capital into the market, strengthening *bullish* momentum. The trading volume of XRP reached up to US$5.68 billion, indicating a more active and liquid market.
However, high *open interest* also means that the risk of volatility increases if market sentiment changes suddenly, as many positions could be forced to close quickly. For now, data shows that the XRP derivatives market is becoming healthier and attracting the attention of both institutional and retail traders.
*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR).