XRP open interest has surged by $171 million, a 20.5% increase, according to a social media report. This sharp rise in open interest reflects heightened activity in XRP derivatives markets, suggesting growing interest in leveraged positions rather than spot purchases. The increase comes amidst ongoing volatility in XRP’s price environment, influenced by the recent Ripple-SEC settlement dismissal. Market observers note that 93% of current forecasts were betting on a potential drop of XRP to $1.00 in August.
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