CryptoQuant Says Binance XRP Open Interest Reached a Two-Month High
JH Kim
Summary
- CryptoQuant said XRP open interest on Binance reached its highest level in two months.
- CryptoQuant said Binance XRP open interest (OI) has risen rapidly to a two-month high.
- CryptoQuant said the increase in open interest points to growing participation in the XRP derivatives market and more speculative trading, making future price moves worth watching.
Open interest in XRP on Binance has climbed to its highest level in two months, according to CryptoQuant.
CryptoQuant said Aug. 18 that Binance XRP open interest has risen rapidly, reaching a two-month high.
The increase in open interest signals growing participation in the XRP derivatives market and more speculative trading, the firm said. It added that upcoming price moves warrant close attention.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.