XRP’s open interest has surged past $3 billion, indicating a return of trader activity and a potential shift in market dynamics. This significant rise follows months of subdued trading activity, suggesting that traders are re-entering the market with substantial positions. 1 Open Interest represents the total value of outstanding futures and options contracts. An increase signifies more traders engaging with leveraged positions, potentially amplifying price movements. 2 This surge coincides with XRP’s price hovering around $3.11, trading within a range between $3.04 and $3.14. Technical indicators suggest that the cryptocurrency is approaching a crucial juncture.