Summary
- XRP perpetual futures open interest increased by 41.6% over the week, attracting market attention.
- Glassnode reported that the increase in open interest is interpreted as a surge in speculative positions and increased confidence in market direction.
- During the same period, the price of XRP also rose from $2.14 to $2.55, drawing investor attention.
Over the past week, XRP perpetual futures open interest (OI) has significantly increased.
On the 13th (local time), Glassnode stated on X (formerly Twitter), "Over the past week, XRP open interest has surged by over $1 billion," adding, "This is interpreted as a surge in speculative positions and increased confidence in market direction."
According to the data, XRP open interest rose by 41.6% from $2.42 billion to $3.42 billion. During the same period, the price of XRP also increased from $2.14 to $2.48.
As of 6:34 PM, XRP is trading at $2.55 on the Binance USDT market, up 5.05% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
