XRP open interest explodes as the crypto rebounds from a flash crash

XRP open interest surged on Monday, October 13, as the crypto rebounded nearly 8% over the previous 24 hours and regained roughly $32 billion in market cap lost during last Friday’s market collapse. The daily trading volume also rose 40%, to $10.7 billion, suggesting renewed buying sentiment following a wipeout sparked by President Donald Trump’s declaration of a 100% tariff on Chinese imports, which triggered $19 billion in crypto liquidations within minutes. As of the time of writing, daily XRP open interest, the total value of outstanding futures and options contracts that have not been settled, is up 2 source: https://finbold.com/xrp-open-interest-explodes-as-the-crypto-rebounds-from-a-flash-crash/