$XRP has registered a significant rise within the last 24 hours as investors rekindle their bet on the coin. CoinGlass data shows that open interest has surged to over $4.03 billion as 1.93 billion $XRP were committed to the futures market by traders on different exchanges.
CME and Binance lead $XRP futures bets
Notably, a total of 4,050,000,000 $XRP were committed; the coin held steady and traded above its $2.05 support. In the crypto market, open interest signals positive anticipation of a possible price rebound from traders. Hence, this uptick suggests that traders are bullish about $XRP.
$XRP, despite its recent volatility, has managed to stay above $2. The coin climbed from a daily low of $2.08 to $2.15 as it attempted to reach higher levels. As of this writing, $XRP changes hands at $2.10, which represents a 0.46% increase in the last 24 hours.
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