XRP futures OI surges by $1B in one week

XRP futures open interest (OI) increased by over $1 billion in the past week, rising 41.6% from $2.42 billion to $3.42 billion, Glassnode reported on X. This surge in leverage coincided with a price rally from $2.14 to $2.48, indicating heightened speculative activity and stronger directional confidence.