XRP's Open Interest (OI) has reached a historic high, which is for a good reason. This increae is driven by a combination of political and market developments which increass the confidence in XRP. Here are the key factors:

1) Gary Gensler’s (SEC) Departure: The announcement of SEC Chair Gary Gensler stepping down in 2025 has sparked optimism for a more favorable regulatory environment for crypto, including XRP.

2) Political Shifts: Donald Trump’s recent election victory has brought bullish sentiment, with expectations of more crypto-friendly regulations driving interest in the market.

3) XRP ETF Speculation: Asset managers have filed applications for an XRP ETF. Gensler’s planned exit raises hopes for approval, attracting institutional investors to XRP.

Written by maartunn

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