XRP's open interest surpassed $1 billion amid excitement surrounding Ripple's RLUSD stablecoin, suggesting renewed investor interest and speculative trading in the crypto market.
The significant surge in open interest indicates substantial new money entering the XRP market, driven by RLUSD minting activities and anticipated developments in cross-border payments.
Ripple's implementation of RLUSD will enhance cross-border payment efficiencies and integrate with decentralized finance protocols, positioning XRP for increased utility and market demand.
Crypto exchanges Binance and Bybit reported nearly half of XRP futures bets, reflecting a concentrated interest among traders anticipating price movement fueled by growing liquidity.
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