With Ripple’s victory celebration still fresh, XRP continues to attract interest in the crypto market. According to digital assets market data provider Kaiko, the open interest ratio on XRP futures trade remains above average on major exchanges. The volume-to-open interest ratio ...
- Interest in XRP remains high with a volume-to-open ratio high on major exchanges.
- In the last 24 hours, XRP has added 2.23% to its token price.
- Palau recently conducted a trial for its stablecoin, set to run on the XRP ledger.
With Ripple’s victory celebration still fresh, XRP continues to attract interest in the crypto market. According to digital assets market data provider Kaiko, the open interest ratio on XRP futures trade remains above average on major exchanges.
The volume-to-open interest ratio is used to measure trade activities on major exchanges. When the interest metric is high, it means there is an increase in buyers and sellers willing to trade the token, signaling speculative interest. For bystanders, a decent volume-to-open interest ratio could be a good sign to trade in such a token.
Similarly, data from CoinMarketCap show that XRP is in the positive region, adding 2.23% to its token price. At the time of press, the token is exchanging hands at $0.7174 per piece. This impressive performance adds to a run of sustained performance since the court decisions in the SEC-Ripple lawsuit.
However, despite holding a good run this July, it has s…
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