#CryptoSecurity101

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

Ryan Lee, Senior Market Analyst at Bitget, stated: "Open interest for XRP jumped to nearly $5 billion (over the weekend), indicating growing speculative activity as traders take large positions in the derivatives market."