- 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.
#XRP perpetual futures volume-to-open interest ratio remains above average on most exchanges, signalling sustained speculative interest. pic.twitter.com/SYDOUvD2EV— Kaiko (@KaikoData) July 27, 2023
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…
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The post Traders Remain Interested in XRP Despite Recent Price Pullbacks appeared first on Coin Edition.