The end of the XRP lawsuit is generating a lot of interest in the Ripple token. This is because, with the case resolved, there seems to be a consensus that institutions will intervene. Due to what could generate as a domino effect after the end of the case, traders are starting to take positions. This is because the price of XRP is likely to fluctuate. Data from Coinglass shows that, in just 24 hours, the volume of XRP derivatives surged by 197%, reaching $18.26 billion.
The volumes of options were the most absorbed, with an increase of over 1300%, while open interest in options soared by 67%, reaching $1.54 million. Open interest did not lag behind, with a 20% increase, up to $8.82 billion.