XRP Open Interest Soars 41%, Signaling Bullish Bets for Continued Rise

The price of XRP has surged to a new high, breaking above $4,500 and prompting traders to increase their bets on further gains. As a result, the open interest in XRP futures markets has climbed by over $1 billion, reaching a record $3.42 billion. This surge in Open Interest is linked to the price rally from $2.14 to $2.48, as traders are positioning themselves for potential price increases.