Traders Remain Interested in XRP Despite Recent Price Pullbacks

Published 29/07/2023, 10:06
Traders Remain Interested in XRP Despite Recent Price Pullbacks
XRP/USD
-

  • XRP remains an attractive digital asset to crypto investors despite the recent price pullback.
  • Kaiko’s data shows that XRP’s volume-to-open interest ratio remains above average on most exchanges.
  • XRP’s traded volume spiked after Ripple won the case against the SEC.

Ripple’s XRP remains an attractive digital asset to crypto investors despite the recent price pullback. Information from Kaiko, the market data platform, shows that the perpetual futures volume-to-open interest ratio remains above average on most exchanges. That is a signal for sustained interest among speculators in the crypto market.

Kaiko’s recent tweet showed the XRP Volume to Open Interest Ratio across four crypto exchanges for the past month. The crypto exchanges featured by Kaiko include Binance, Bybit, Deribit, and OKX.

Binance upheld the highest Volume to Open Interest Ratio among the featured exchanges, with a significant spike in the middle of July. Bybit follows Binance in t…

The post Traders Remain Interested in XRP Despite Recent Price Pullbacks appeared first on Coin Edition.

The post Traders Remain Interested in XRP Despite Recent Price Pullbacks appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.