Due to recent news involving the SEC, OI(Open Interest) in XRP has surged compared to other cryptocurrencies, which is reflected in the significant increase in open interest shown in the chart.
This trend suggests that as open interest rises alongside price, investors are opening more positions with the expectation of XRP's price increase. This heightened interest indicates that more trading activity is occurring with XRP.
However, in such a scenario, it is crucial to monitor market volatility closely and prioritize risk management. As open interest increases along with the price, this could reflect investor expectations and actions, but it could also bring about sudden market fluctuations, so caution is necessary.
Written by 우민규 Woominkyu
