XRP tops price increase among the top 10 crypto assets… Open Interest nears six-month high
JH Kim
Summary
- XRP recorded the largest increase among the top 10 crypto assets.
- The Open Interest for XRP reached about $7.2 billion, nearing a six-month high.
- Market experts pointed out that the uptrend in price and the rise in Open Interest indicate a short-term bullish momentum.
According to Decrypt, a cryptocurrency-focused media outlet, on the 11th (local time), XRP has shown the greatest increase among the top 10 crypto assets.
Additionally, the Open Interest in the XRP futures market is currently about $7.2 billion, approaching the all-time high of $8.3 billion set in January.
Market experts analyzed, "The rise in XRP’s price along with the increase in Open Interest is drawing concentrated attention from investors," and noted that "this short-term bullish momentum could continue."
Meanwhile, as of 02:47 AM on the 12th, on the Binance Tether (USDT) market, XRP is trading at $2.7898, up 12.04% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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