XRP Futures Open Interest Crosses $220 Million Despite Price Slump

XRP’s price has been declining over the past two weeks, extending a downtrend that has challenged bullish investors.   Despite the ongoing dip, some traders see this period as a potential opportunity to accumulate XRP before a possible price rebound. XRP Has Strong Support Demand for XRP has surged sharply in the futures market, with XRP CME Futures open interest reaching $223 million within just 10 days of its launch. This rapid increase in open interest generally is a bearish indication as traders are likely placing short contracts source: https://beincrypto.com/xrp-futures-open-interest-rises-despite-price-slump/