$XRP

The price activity of XRP and community engagement have shown a notable increase as traders expand their positions and Ripple reveals a new community rewards initiative.

As short-term speculation rises, industry observers caution about long-term price expectations that may not align with the broader economic framework.

Increase in Open Interest and XRP Trading Activity.

XRP's open interest saw a notable increase of 7.11%, according to data from Coinglass. Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When open interest increases, it suggests that more money is entering the market.

The increase in open interest has coincided with a daily price increase of 3.36%. XRP is trading at $2.22 with a market capitalization of $129.5 billion, according to data from CoinMarketCap.

This growth positions XRP as the fourth largest cryptocurrency by market capitalization. There is greater activity reflected in trading volume, now exceeding $4.67 billion in the last 24 hours. This supports the view that both retail and institutional participants are engaging more actively.