XRP Futures Open Interest Climbs as Price Recovers Toward $1.60

XRP futures open interest rose as the token recovered toward $1.60, showing that the value of outstanding derivatives positions increased alongside the market’s advance. XRP traded between $1.55 and $1.60 during the rally described across September and early October. Futures open interest climbed from about $360 million during the August decline to approximately $620 million as the token approached $1.60. Open interest measures futures positions that remain open and unsettled. It can increase when traders add positions and decline when positions are closed or liquidated.

Source: TokenPost