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Open Interest In XRP Skyrockets To Record $1 Billion Amid Excitement Over Ripple’s Upcoming Stablecoin Launch

  • Rising open interest in XRP has crypto watchers optimistic that the crypto’s protracted downtrend is nearing its end.
  • XRP's open interest recently jumped to over $1 billion, leading to speculations over a possible price jump.
  • Ripple's upcoming RLUSD stablecoin being tested on the XRP Ledger and Ethereum is a key development driving the optimism.
  • XRP's price has gained 2.2% in 24 hours while Bitcoin rebounded, but both cryptocurrencies have experienced declines over the past week.

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