The volume of derivatives trading on XRP has increased by 60% in the past few hours, reaching $1.22 billion. XRP is currently leading the top 10 cryptocurrencies in terms of trading volume. This increase in trading activity has also been observed on the spot market, with volume totaling $1.21 billion in the last 24 hours. The level of engagement and trading activity for XRP is considered fairly normal, but higher than usual. The increase in trading activity may be attributed to the Columbus Day holiday in the US and the roller coaster price action seen in the market, including Bitcoin's march to a new all-time high. Cryptocurrency derivatives traders have suffered $266.34 million in liquidation due to the extended volatility.



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