- Ripple is showing strength by recording an all-time high in perpetual futures open interest size.
- Ripple, which recently surged about 50%, has claimed the 3rd place in cryptocurrency market capitalization.
- The funding rate is at a stable 13%, maintaining a sustainable price uptrend.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Ripple has recently broken its 8-year record for open interest (OI) size, driven by a strong bullish trend.
On the 16th (local time), the cryptocurrency-focused media outlet CoinDesk reported, "Ripple, which couldn't reach an all-time high during the 2021 bull market due to regulatory issues, is now leading the market with the fastest upward trend in this bull market."
According to CoinDesk data, Ripple surged about 50% this month, surpassing $3 for the first time in 8 years. Its market capitalization is currently $176.75 billion, ranking third in cryptocurrency market capitalization.
Ripple's perpetual futures open interest is at an all-time high of 2.34 billion XRP. The funding rate is around 13%, which is much healthier and more sustainable compared to last December's approximately 100% rate.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEEPiCK News
Dunamu: "Suspension of Business Sanctions Not Finalized... Will Clarify Through Future Procedures"
20 minutes ago
Lee Chang-yong: "Exchange rate rose by 30 won due to martial law aftermath... Interest rate pause for external balance"
1 hours ago
Ripple CEO Criticizes U.S. SEC..."Definition of 'Insanity'"
2 hours ago
[Analysis] HashKey Predicts Bitcoin to Surpass $300,000 This Year... Ethereum Could Reach $8,000
3 hours ago![[Analysis] HashKey Predicts Bitcoin to Surpass $300,000 This Year... Ethereum Could Reach $8,000](https://media.bloomingbit.io/prod/news/27e86200-bb1f-48d7-a785-7f00d1a03648.webp)
Ripple Breaks 8-Year Record for Open Interest, Bullish Momentum Continues
3 hours agoRanking News