🔥Open interest in #XRP futures hits a five-month record

OI grew to 800 million XRP — the highest since January🎯

🛒Traders are betting on growth, despite the spot price remaining relatively stable — around $2.25.

Positive funding rates, which periodically exceed the equivalent of 10% annually, indicate demand for long🔼positions.

🔴The ratio of long to short positions on🟠Binance for XRP/USDT is currently 1.90. This means that for every trader betting on a decline, there are almost two betting on an increase.