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XRP has <a href="https://u.today/xrp-nets-15-million-in-fund-flows-amid-etf-boom">clinched</a> the title of the best-performing digital asset among the top 100 by market cap. The token's price soared to $0.7293 after a dramatic 18.9% increase in a 24-hour window.&nbsp;
The Ripple-affiliated cryptocurrency has also experienced a surge in trading volume, which has topped a whopping $5 billion.&nbsp;
Litecoin (LTC) comes in a close second place after adding 18.4%, according to CoinGecko <a href="https://www.coingecko.com/">data</a>. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
<h2 id="xrp-derivatives-data">XRP derivatives data &nbsp;</h2>
Recent derivatives data reveal a robust bullish sentiment among traders in the XRP market. The trading volume surged by an extraordinary 348.07%, reaching a colossal $5.62 billion.&nbsp;
Open interest, which indicates the total number of outstanding derivative contracts, such as futures and options that have not been settled, also saw a notable increase of 30.44%, standing at $1.06 billion.&nbsp;
Despite a 46.56% decline in options volume, options open interest climbed by 15.02%. This shows that traders are potentially seeing long-term value in holding <a href="https://u.today/xrp-options-are-now-available-on-major-exchange-after-price-moves-further">XRP options</a>.&nbsp;
Among the top exchanges, Binance led with a staggering $366.88 million in XRP futures open interest, followed closely by Bybit with $312.19 million, and Bitget with $157.02 million.&nbsp;
<h2 id="substantial-liquidations">Substantial liquidations &nbsp;</h2>
The dramatic increase in XRP's price was not without turbulence since data over various time frames revealed significant liquidations.&nbsp;
Within a single hour, $1.02 million worth of positions were liquidated, highlighting the market's volatility and the risks involved in trading XRP futures.&nbsp;
A deeper look into a 24-hour period showed $9.95 million in liquidations, with a nearly equal distribution between long positions at $4.86 million and short positions at $5.08 million.&nbsp;
This shows a heated market where both bulls and bears faced substantial liquidations. &nbsp;

XRP Becomes Best-Performing Cryptocurrency in Top 100 After Sudden Price Surge

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