According to PANews, due to regulatory clarification and technological updates, the XRP futures market's open interest exceeded US$2 billion, and the price rose to above US$1.20, with a weekly increase of more than 87%.
Market data shows that the long-short ratio is slightly biased towards the short side, with 51% of traders betting on a price correction. However, the simultaneous rise in OI and price shows that the market trend is bullish.
XRP's surge began late Thursday as 18 U.S. states filed a lawsuit against the SEC, accusing it of regulatory overreach, amid optimism that Trump could push for crypto-friendly policies.
Ripple Labs plans to launch the RLUSD stablecoin to promote the application of XRP in the DeFi field, which may support its future price performance.
