Ripple's XRP trades near $2.40, up 1% on Monday following a 40% surge in its futures open interest.
open interest surged by 40% in the past 24 hours. Buying pressure across exchanges and investment products helped
on-chain activity indicates rising bullish momentumafter open interest surge Open Interest. Source: Coinglass The recent spike in open interest amid flat prices indicates the inflow of new liquidity to fuel investment products recorded positive flows last week, as it was the only major crypto asset without a negative flow. The products posted $5.7 million in net inflows, the highest across all digital assets investment products, per CoinShares data. Inflows in crypto ETFs/investment products represent buying activity, and vice versa for outflows. However, in crypto exchange flows, inflows represent selling activity and vice versa for outflows.
posts a high volume move above this resistance, it could rally to a new all-time high near $4.78. toward $1.35. Ripple FAQs What is Ripple? Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the
Ledger. The token is used by Ripple Labs to facilitate transactions on the L? Ledger community. What blockchain technology does
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