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    Home»Altcoins»XRP futures open curiosity nears document $8 billion as worth breaks $3
    XRP futures open curiosity nears document  billion as worth breaks
    Altcoins

    XRP futures open curiosity nears document $8 billion as worth breaks $3

    By Crypto EditorJanuary 16, 2025No Comments2 Mins Read
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    Ripple-linked XRP has crossed the $3 mark for the primary time in seven years, pushed by unprecedented curiosity within the derivatives market.

    Information from CryptoSlate exhibits that the digital asset spiked by 10% within the final 24 hours to as excessive as $3.19 on the time of writing.

    The latest worth surge displays a broader wave of renewed curiosity in XRP, which has been gaining momentum since Donald Trump’s election victory in November 2024.

    This heightened exercise is obvious within the derivatives market, the place XRP futures have seen unprecedented progress. In response to Coinglass information, open curiosity in XRP-related contracts has surged by 300% because the begin of the yr, nearing the $8 billion mark.

    XRP futures open curiosity nears document  billion as worth breaks
    Ripple XRP Open Curiosity (Supply: Coinglass)

    Bitget has emerged because the main platform for the token’s futures buying and selling, holding 22% of the market share with $1.79 billion in open positions. Different key gamers embrace Gate.io ($1.58 billion), Binance ($1.51 billion), Bybit ($1.49 billion), and OKX ($468 million).

    XRP Open Interest PositionsXRP Open Interest Positions
    XRP Open Curiosity Positions (Supply: Coinglass)

    Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate must be taken as funding recommendation, nor does CryptoSlate endorse any undertaking which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies must be thought of a high-risk exercise. Please do your personal due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty do you have to lose cash buying and selling cryptocurrencies.



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