XRP Futures Surge Past $3 Billion as Prices Reach New All-Time Highs

The XRP futures market has seen a significant surge in recent weeks, with open interest increasing by over $1 billion to reach an all-time high of $3.4 billion. This dramatic spike in open interest coincides with the price of XRP breaking above the $3 mark and reaching new all-time highs. Analysts attribute this rally to growing DeFi applications, institutional investments, and increased speculative bets among traders.