XRP's Bullish Momentum Strongest Since January 2018 as Futures Open Interest Hits Record High

Quick Summary:

XRP's price rise is accompanied by record perpetual futures open interest and surge in trading volumes.

XRP's perpetual futures open interest has surged to a record high of 2.34 billion XRP, with funding rates representing the cost of holding leveraged bets hovering around 13%.

The measure oscillates between 0 and 100, measuring the speed and change of price movement over specific periods, typically 14 days or 12 months.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: Markets XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 06:12:52 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 25187947

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