XRP Becomes Best Performing Cryptocurrency in Top 100 After Sudden Price Surge

XRP Becomes Best Performing Cryptocurrency in Top 100 After Sudden Price Surge

XRP has secured the title of best-performing digital asset among the top 100 by market cap. The token price skyrocketed to $0.7293 after a dramatic 18.9% rise in a 24-hour period.

Content
Advertisement

XRP has secured the title of best-performing digital asset among the top 100 by market cap. The token price skyrocketed to $0.7293 after a dramatic 18.9% rise in a 24-hour period.

The Ripple-affiliated cryptocurrency has also seen an increase in trading volume, which has surpassed a whopping $5 billion.

Litecoin (LTC) comes in a close second after adding 18.4%, according to CoinGecko. data.

XRP Derivatives Data

Recent derivatives data reveals strong bullish sentiment among XRP market traders. Trading volume increased by an extraordinary 348.07%, reaching a colossal figure of $5.62 billion.

Open interest, which indicates the total number of outstanding derivatives contracts such as futures and options that have not been settled, also saw a notable increase of 30.44%, reaching $1.06 billion.

Related
Bitcoin Shows ‘Overheating Sign’; a major correction is possible; SHIB Leader Issues Crucial Call to BONE, Vitalik Buterin Shares Ethereum Strategy Against Quantum Attacks: U.Today’s Crypto News Digest

Despite a 46.56% drop in options volume, options open interest increased by 15.02%. This shows that traders are potentially seeing long-term value in holding XRP options.

Among major exchanges, Binance led with a staggering $366.88 million in XRP futures open interest, closely followed by Bybit with $312.19 million and Bitget with $157.02 million.

Substantial settlements

The dramatic rise in XRP price was not without turbulence, as data from several time periods revealed significant sell-offs.

In a single hour, $1.02 million worth of positions were liquidated, highlighting the market volatility and risks involved in trading XRP futures.

A deeper look at a 24-hour period showed $9.95 million in liquidations, with a nearly equal distribution between long positions of $4.86 million and short positions of $5.08 million.

This shows a heated market where both bulls and bears faced substantial sell-offs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة