XRP contract open interest exceeds $800 million, more than doubling in the past seven days

Odaily Odaily News XRP futures open interest has more than doubled in the past 7 days, indicating that investors have increased expectations for its future price fluctuations. CoinGlass data shows that XRP contract open interest reached $811 million, reaching the level since mid-April, with a 24-hour increase of 21.83%. According to Coingecko data, during this period, XRP trading volume soared from $2 billion to $3.6 billion. In addition, data from Coinalyze shows that more than 60% of XRP futures contracts opened in the past 24 hours are long bets. (CoinDesk)