💰 XRP Open Interest Spike in Response to Ripple-SEC Developments
XRP’s rising OI suggests investors are opening more positions, expecting a surge in price, but volatility remains a concern. In line with the price action, XRP saw a surge in open interest (OI) as traders continued to closely monitor the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). This surge in OI suggests that investors are increasingly opening positions anticipating a rise in XRP’s price, according to CryptoQuant’s latest analysis.
