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XRP Futures Trading Volume Surges 208% in 24 Hours, Open Interest Increases by 15%

Summary: According to reports, XRP futures trading volume has surged, with a 208% increase in 24-hour trading volume reaching $12.4 billion, surpassing SOL's $9.6 billion. Open interest has climbed to $5.9 billion (+15%). Analysis from glassnode indicates that the current market's funding rate suggests a higher number of long positions, which could increase liquidation risks if ...

According to reports, XRP futures trading volume has surged, with a 208% increase in 24-hour trading volume reaching $12.4 billion, surpassing SOL's $9.6 billion. Open interest has climbed to $5.9 billion (+15%). Analysis from glassnode indicates that the current market's funding rate suggests a higher number of long positions, which could increase liquidation risks if prices fall.

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