XRP contract open interest exceeds $800 million, more than doubling in the past seven days
The open positions of XRP futures contracts have more than doubled in the past 7 days, indicating an increase in investors' expectations for future price fluctuations. CoinGlass data shows that the open positions of XRP contracts have reached $811 million, the highest level since mid-April, with a 24-hour increase of 21.83%. According to CoinGecko data, during this period, XRP trading volume surged from $2 billion to $3.6 billion. In addition, data from Coinalyze shows that over 60% of the XRP futures contracts opened in the past 24 hours were long bets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk Supports Controversial AI Legislation, Challenges OpenAI and Google
![](https://img.bitgetimg.com/multiLang/image/social/5a43e43f9091f7ee0ca8f1f5dcbdde2e1724789349227.jpg)
Best Altcoins for Your Portfolio: Top 10 Picks for Revolutionary Blockchain Innovation
![](https://img.bitgetimg.com/multiLang/image/social/a766986a84617d01ef6e412c0e21494a1724789348987.jpg)
Bitwise Bitcoin ETF to acquire the assets from Osprey Bitcoin Trust
Osprey was considering a potential sale or merger with a bitcoin ETF amid other strategic maneuvers in March of this year.
![](https://img.bitgetimg.com/multiLang/image/social/f1a56cdd7fa7b94b696b06226305b6741724786534894.jpg)
Nasdaq Seeks SEC Approval for Bitcoin (BTC)
Nasdaq is seeking approval from the SEC to list and trade Bitcoin index options.