XRP open interest soars close to 5 billion USD – will prices follow suit?

Open Interest for XRP has almost reached 5 billion USD, driven by interest from platforms like Binance, Bybit, and Gateio. This surge reflects a broader trading interest despite XRP’s price stability.

Currently, XRP is priced at 2.2983 USD, down by 0.80%. The price has shown resilience, remaining around 2.30 USD, with potential price increases if it stays above 2.20 USD.

The SEC continues its careful evaluation of the WisdomTree XRP Trust, having extended the timeframe for decision-making. This cautious approach impacts market sentiment, affecting traders’ expectations.

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