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News Explorer — XRP Futures Open Interest Spikes, Driven by Traders Favoring Bullish Long Positions

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Jul 8, 7:43 am
Coindesk

XRP Futures Open Interest Spikes, Driven by Traders Favoring Bullish Long Positions

XRP perpetual futures open interest surged to 800 million XRP, the highest since January 19, with current interest at 743 million XRP, 33% higher than in June. The rise is driven by traders favoring bullish long positions, as indicated by positive perpetual funding rates.

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