XRP’s Open Interest Soars as Traders Strategize Ahead of Potential Breakout

XRP’s open interest has surged to a new all-time high, surpassing $4.18 billion as traders strategically position themselves amidst quiet market conditions. Despite limited price fluctuations, this rise in open interest indicates accumulating positions and suggests an impending breakout is on the horizon. While the spot XRP price remains relatively stable between $2.25 and $2.33, derivatives markets reveal a shift towards longer-term investment strategies.