1,850,000,000 XRP Open Interest Sets Price on Rare Breakout Path
XRP has seen a bullish twist in the last 24 hours as investors bet heavily on the asset, causing a spike in open interest. According to CoinGlass data, XRP spiked by 5.11%, resulting in traders committing $4.26 billion to XRP’s futures contract.
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XRP's on-chain activity spikes amid consolidationNotably, open interest signals the volume of futures contracts investors have opened on XRP as they anticipate a bullish rally. Traders committed a total of 1.85 billion XRP during this period.
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