XRP futures contract trading volume increased by 208% within 24 hours, and the open interest amount increased by 15%. According to BlockBeats news on August 8, Glassnode reported that the trading volume of XRP futures contracts has surged, increasing by 208% within 24 hours to reach $12.4 billion, with the open interest rising to $5.9 billion (+15%). Glassnode's analysis indicates that the current market funding rates suggest there are many long positions, which could increase the risk of liquidations if prices fall.