Interest in XRP persists despite market correction

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Since XRP's Open Interest reached a yearly high, money flow into the token contracts has not ceased. But is this a bullish signal?

As two key technical metrics that measure liquidity and activity of options and futures contracts, the hike in the volume-to-open ratio means that live contracts and the money flow for XRP long and short positions have sustained a level of above-average interest.even in the face of market volatility, could be proof of its relevance since it continued drawing attention from traders and investors alike.has been responsible for keeping traders’ interests elevated.

Therefore, long traders have to pay a funding fee to those on the short side. If the funding rate was negative, then the opposite would have happened.long/short ratio

 

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