$12,400,000,000 in XRP Open Interest, Price Reacts
The post $12,400,000,000 in XRP Open Interest, Price Reacts appeared on BitcoinEthereumNews.com. XRP is enjoying unexpected interest from market participants. In the last 24 hours, the asset’s open interest has surged by over 200% as investors bet on the coin’s future contracts. The uptick has helped it flip Solana (SOL) on the same metric. XRP flips Solana in futures volume and open interest According to Glassnode’s update, XRP’s 24-hour volume reached $12.4 billion, reflecting a 208% spike. Solana, on the other hand, recorded $9.6 billion in trading volume. This places XRP ahead of SOL with a massive difference of $2.8 billion within the same period. You Might Also Like The increased activity has positively affected XRP’s open interest. Within the same time frame, its open interest increased by over 15% to $5.9 billion. This indicates that there is a lot of speculative trading around XRP. $XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY — glassnode (@glassnode) August 8, 2025 For context, open interest refers to the total value of outstanding futures contracts that have not been settled. The current spike in open interest means that more market traders are holding futures positions, suggesting growing confidence in the asset. The market setup remains bullish for XRP, a development that came after the joint dismissal of the Ripple vs. Securities and Exchange Commission (SEC) lawsuit. Notably, both parties have agreed to dismiss their appeals, providing clarity that XRP is a nonsecurity. XRP ETF speculation grows as traders accumulate As of press time, XRP is changing hands at $3.27, representing a 7.6% increase in the last 24 hours. It has soared from just above $3 to a peak of $3.38 before settling…
The post $12,400,000,000 in XRP Open Interest, Price Reacts appeared on BitcoinEthereumNews.com.
XRP is enjoying unexpected interest from market participants. In the last 24 hours, the asset’s open interest has surged by over 200% as investors bet on the coin’s future contracts. The uptick has helped it flip Solana (SOL) on the same metric. XRP flips Solana in futures volume and open interest According to Glassnode’s update, XRP’s 24-hour volume reached $12.4 billion, reflecting a 208% spike. Solana, on the other hand, recorded $9.6 billion in trading volume. This places XRP ahead of SOL with a massive difference of $2.8 billion within the same period. You Might Also Like The increased activity has positively affected XRP’s open interest. Within the same time frame, its open interest increased by over 15% to $5.9 billion. This indicates that there is a lot of speculative trading around XRP. $XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY — glassnode (@glassnode) August 8, 2025 For context, open interest refers to the total value of outstanding futures contracts that have not been settled. The current spike in open interest means that more market traders are holding futures positions, suggesting growing confidence in the asset. The market setup remains bullish for XRP, a development that came after the joint dismissal of the Ripple vs. Securities and Exchange Commission (SEC) lawsuit. Notably, both parties have agreed to dismiss their appeals, providing clarity that XRP is a nonsecurity. XRP ETF speculation grows as traders accumulate As of press time, XRP is changing hands at $3.27, representing a 7.6% increase in the last 24 hours. It has soared from just above $3 to a peak of $3.38 before settling…
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