🔸XRP is in vogue. For the first time, on the Kraken exchange (a cryptocurrency trading platform), there has been more trading with XRP futures than with those of Solana (SOL). This means that people are betting more on the future of XRP.
The reason? The price of XRP has skyrocketed (over 40%), reaching a new record. This is due to market optimism following the resolution of a legal issue it had with the SEC (the U.S. regulator) and that the U.S. government now seems more "friendly" towards cryptocurrencies.
Although XRP is strong, it is important to know that SOL still dominates in the "open interest" of futures globally. This means that, although a lot is being traded with XRP now, people still have more long-term open contracts with SOL.
- XRP is shining and the volume of its futures trading skyrocketed on Kraken due to its record price and the new pro-crypto environment.
