XRP’s Futures volumes increased by 207.74% to reach 12.4 billion USD with Open Interest rising 15.02% to 5.9 billion USD. This bullish momentum contrasts potential selling pressure from the 3.28 billion USD escrow unlock, which could disrupt market confidence.
Despite institutional investments of 18.5 million USD, the release of a significant amount of XRP raises market caution. On August 10, the price fell to 3.1879 USD, reflecting trader apprehension against the backdrop of potential negative impacts from the escrow unlock.
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