The CME XRP Futures market has achieved unprecedented open interest, nearly 12 million XRP valued at approximately 9.02 billion USD. This growth occurs amidst a 23% decrease in XRP’s market price, raising questions about future demand.
Speculation around U.S. Approval of a spot XRP ETF fuels optimism, despite competition from Chainlink, which has shown significant gains. Furthermore, whale investors reducing their sell-offs may promote XRP’s recovery.
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