XRP’s price has climbed to $2.61 in the last 24 hours, and has been able to keep a steady pace, registering a 22% gain over the past seven days. Traders are piling into futures contracts. A notable performance has been in the Open interest department, which jumped by more than 40%. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Rising Futures Activity According to Glassnode data posted on May 13, futures open interest for XRP surged from $2.42 billion to $3.42 billion in just one week. That $1 billion increase represents a nearly 42% rise in active contracts. When both price and open interest climb, it usually means new money is coming in and that traders expect more upside. $XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE — glassnode (@glassnode) May 13, 2025 Price Versus Market Gains Based on reports, XRP’s one‑week gain outpaces the broader cryptocurrency market, which has risen abou ..
Support the originator by clicking the read the rest link below.
