XRP, the third largest cryptocurrency, has seen a significant increase in open interest, surpassing $4 billion in the last 24 hours. This surge in open interest coincides with a rebound in the overall crypto market and XRP experiencing double-digit increases. Open interest can indicate market sentiment, with rising open interest suggesting bullish sentiment among traders. XRP's recent price rebound has led to a 12% increase in the last 24 hours, reaching a high of $2.8, marking a 55% surge. This increase in open interest and price is consistent with similar moves in the broader crypto market, which has risen by up to 20% in the last 24 hours. Traders are betting on further gains for XRP, but it remains to be seen if the price can hold above key levels and avoid renewed selling pressure.



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