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According to Glassnode data posted on May 13, futures open interest for XRP surged from $2.42 billion to $3.42 billion in just one week. That $1 billion increase represents a nearly 42% rise in XRP futures open interest surged over $1B in one week to $3.42B (Glassnode), fueling price rally. XRP price jumped from $2.14 to ~$2.54, with daily trading XRP open interest has soared over $1 billion, signaling rising trader confidence. Whale and institutional accumulation point to strong bullish sentiment. Technical Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week Open interest on XRP-tracked futures climbed above $1.1 billion in the past 24 hours, topping the $1 billion level touched last week and setting a record high for the year. According to Glassnode data posted on May 13, futures open interest for XRP surged from $2.42 billion to $3.42 billion in just one week. That $1 billion increase According to CoinDesk, Coinglass data showed that the open interest in XRP futures exceeded US$1.1 billion in the past 24 hours, exceeding the US$1 billion reached last week, setting a As of press time, Coinglass data shows XRP open interest at 1.43 XRP, equivalent to $1.13 billion, a more than 20% climb in the last 24 hours. A rise in open interest

XRP Futures Open Interest Surges Past $1.1 Billion in 24 Hours, Setting 2024 High

XRP is experiencing a surge in trader confidence, fueled by a massive increase in futures open interest. Open interest on XRP-tracked futures climbed above $1.1 billion in the past 24 hours, topping the $1 billion level touched last week and setting a record high for the year, according to CoinDesk, Coinglass data showed that the open interest in XRP futures exceeded US$1.1 billion in the past 24 hours, exceeding the US$1 billion reached last week, setting a year high.

This milestone signifies growing bullish sentiment surrounding XRP, driven by both retail and institutional investors. As of press time, Coinglass data shows XRP open interest at 1.43 XRP, equivalent to $1.13 billion, a more than 20% climb in the last 24 hours. A rise in open interest indicates more traders are opening positions, expecting further price movements.

Technical analysis also plays a role in this optimism. Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week. According to Glassnode data posted on May 13, futures open interest for XRP surged from $2.42 billion to $3.42 billion in just one week. That $1 billion increase represents a nearly 42% rise in XRP futures open interest surged over $1B in one week to $3.42B (Glassnode), fueling price rally. XRP price jumped from $2.14 to ~$2.54, with daily trading XRP open interest has soared over $1 billion, signaling rising trader confidence.

The significant increase in XRP futures open interest suggests strong conviction among traders. Whale and institutional accumulation point to strong bullish sentiment, further contributing to the upwards trend. The data highlights a growing belief in XRP's potential future performance.

Keep up to date with the latest XRP price action and futures open interest data for informed trading decisions. Monitor market trends and stay ahead of the curve in the dynamic cryptocurrency market.

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