XRP Open Interest Surpasses US$3.80 Billion Amidst a 2.15% Price Surge

XRP's open interest (OI) has surged to US$3.80 billion in the last 24 hours, as the price of XRP rose by 2.15% to US$2.18 on Wednesday (25/06). This spike in open interest indicates that more traders are opening positions, reflecting confidence and anticipation of further price movements.

A simultaneous increase in price and open interest typically suggests new capital entering the market, which strengthens bullish momentum. XRP's trading volume has reached as high as US$5.68 billion, signaling an increasingly active and liquid market.

However, high open interest also implies an increased risk of volatility if market sentiment suddenly changes, as many positions could be forced to close quickly. For now, the data shows that the XRP derivatives market is becoming healthier and is attracting the attention of both institutional and retail traders.

**Disclaimer: This is not financial advice (NFA). Always do your own research (DYOR).**

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