$XRP Hits $1 Billion Open Interest on Binance, What's Next for Price?
XRP just flashed crucial reversal signal, with market watching to see what comes next
XRP, the third largest cryptocurrency by market capitalization surpassed $1 billion in open interest on major crypto exchange Binance, in the last 24 hours, according to CoinGlass data.
Open interest (OI) refers to the total number of outstanding derivative contracts (futures and options) that have not yet been settled. Exchange XRP Futures Open Interest hit $1.33 billion on Binance, with volumes surpassing $3.82 billion, the highest on major crypto exchanges. Contributing to the surge in open interest is the $XRP
$USDT trading pair, which accounted for $1.05 billion of the total figure.