XRP Futures Trading Volume Surges 208% in 24 Hours, Open Interest Up 15%

BlockBeats News, August 8th, according to glassnode, XRP futures trading volume surged, with a 208% increase in 24-hour trading volume, reaching $12.4 billion, surpassing SOL's $9.6 billion. Open interest rose to $5.9 billion (+15%).

glassnode analysis stated that the current market's positive funding rate indicates a high number of long positions, which could increase liquidation risk in case of a price drop.