XRP Jumps 53% in a Month as Futures Open Interest Nears Yearly High
- —XRP derivatives open interest hit $3.37 billion on the 21st, near a yearly high
- —Perpetual futures open interest rose to 2.3 billion XRP from 2.08 billion on the 13th
- —XRP broke above its 200-week EMA, trading near $1.49
- —Positive funding rates signal long positions dominate
Why it matters: Rising open interest alongside positive funding raises the risk of cascading liquidations if the price corrects.
Source: Blockmedia