Benzinga – Payment-focused cryptocurrency XRP (CRYPTO: XRP) may have lagged the broader cryptocurrency market in 2024, but investors were hopeful for a shift in market sentiment toward the bullish side.
What Happened: According to the on-chain analytics firm CryptoQuant, speculative interest in the token shot up dramatically, reflected by an increase in open interest past $400 million.
$XRP in the Spotlight
“This trend suggests that as open interest rises alongside price, investors are opening more positions with the expectation of #XRP’s price increase.” – By @Woo_Minkyu
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