CoinDesk·3 min read·medium
XRP traders bet on a rebound as price slips to $1 and bearish chatter surges
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Shaurya Malwa
✦AI Summary
XRP traders are increasing their long positions despite negative social media sentiment and a lack of significant price movement. While futures open interest has risen, the market remains divided between bullish retail positioning and broader bearish chatter.
Futures open interest, the money tied up in outstanding derivatives positions, rose to about $2.78 billion on Monday, up 2% over 24 hours, with trading volume jumping 55% to roughly $1.17 billion, according to CoinGlass .
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