#Xrp🔥🔥

The trading volume of XRP futures contracts increased by 208% over 24 hours, and the open interest rose by 15%. According to BlockBeats, on August 8, glassnode reported a significant increase in the trading volume of XRP futures contracts, which rose by 208% over 24 hours to reach $12.4 billion, surpassing SOL's $9.6 billion. Open interest increased to $5.9 billion (+15%). glassnode's analysis indicates that the current funding rate in the market suggests a large number of long positions, and if the price decreases, it may increase the risk of liquidation.