$XRP Hits 6-Month High as Open Interest Reaches Records
× $XRP surged to $3.05, marking a 5.1% daily gain and hitting its highest level in six months.
Notional open interest for Xrp perpetual futures surpassed $8.8 billion, breaking previous records.
The milestone exceeded the previous peak of $8.3 billion set in late January before #Trump's inauguration.
#Binace controlled the largest leveraged positions at $1.94 billion and $1.48 billion, respectively.
Positive funding rates across most venues indicated bullish sentiment as traders paid premiums for long exposure.
$XRP has gained 420% over the past year, reaching as high as $3.31 within that timeframe.
Analysts point to regulatory tailwinds and institutional adoption potential as key drivers for the #Ripple -linked token.
