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XRP futures trading volume surges 208% in 24 hours, open interest up 15%
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BlockBeats News, August 8 — According to glassnode, XRP futures trading volume has surged, with 24-hour trading volume rising by 208% to $12.4 billion, surpassing SOL’s $9.6 billion. Open interest climbed to $5.9 billion (+15%).
glassnode analysis indicates that the current market funding rates suggest a predominance of long positions, which could increase liquidation risk if prices decline.
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