#Liquidity101

Market watchers believe that the sharp increase in the open interest volume for XRP contracts reflects a surge in speculative activity and hints at a potential price breakout in the near term, as the currency is trading around the $2.20 level on Tuesday morning.

Ryan Li, the chief market analyst at the Bitget platform, stated: "Open interest for XRP jumped to nearly $5 billion (over the weekend), indicating an increase in speculative activity as traders take large positions in the derivatives market."