XRP News Today : Ripple Whales Bet Big on XRP as Futures Market Hits $2.5 Billion OI

Quick Summary:

Amid this buying spree, XRP’s price has surged, and the futures market is breaking records—topping $2.50 billion in open interest.

As of the latest data from Coinglass, the futures OI stands at 1.59 billion XRP, a testament to growing investor interest.

The increase in futures OI, particularly on platforms like Binance and Bybit, shows that traders are putting their faith in XRP’s price movement.

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Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets: United StatesSouth Korea

Topics: Ripple (XRP) News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 12:20:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23827439

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Official Website: coinpedia.org

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Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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