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    Soaring Interest in XRP Futures Driven by Regulatory Clarity and Technical Updates

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    XRP futures saw soaring interest over the weekend due to regulatory clarity and upcoming technical changes, with token prices rising over 20% in 24 hours. More than 2 billion tokens (nearly $2bn) were in futures positions, indicating expected market volatility. Traders think the Trump administration could benefit tokens related to US-based firms like Ripple and Uniswap, easing regulatory hurdles. Ripple Labs’ planned RLUSD stablecoin, offering liquidity and faster, cheaper transactions, may also boost XRP’s value. Within 24 hours, XRP’s performance surpassed both a static Bitcoin and a 2.7% gain in the wider crypto market.

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    The popularity of XRP futures is soaring, thanks to regulatory clarity and upcoming technical changes. Record-breaking interest was seen over the weekend, as prices skyrocketed by more than 20% in just 24 hours.

    Open interest in XRP and U.S. dollar-denominated futures reached record-setting highs on Sunday. More than 2 billion tokens, equaling nearly $2 billion, were in futures positions, pointing towards anticipated market volatility.

    Open interest, or OI, indicates the number of unsettled derivative contracts for an asset. An increase in OI and prices usually means new money entering the market, suggesting a bullish trend. If prices rise but OI decreases, the rally might be driven by short covering rather than new buying, hinting at a potentially weaker trend.

    Prices for XRP surged above $1.20 in U.S. morning hours on Saturday. This netted weekly gains of over 87%, marking a three-year price high for the token. This increase began late Thursday when 18 U.S. states filed a lawsuit against the SEC and its commissioners. They accused them of unconstitutional overreach in the crypto industry.

    Traders feel optimistic that a crypto-friendly Trump administration could benefit tokens connected to U.S.-based companies, such as Ripple Labs (related to XRP) and Uniswap (UNI). There are increased hopes of value-boosting for token holders since regulatory hurdles seem to have lifted.

    Another factor that could encourage future gains in XRP is Ripple Labs’ upcoming RLUSD stablecoin. The plan is to use RLUSD in a cross-border payments product to provide liquidity, facilitate faster and cheaper transactions, and potentially integrate with various decentralized finance (DeFi) protocols across multiple blockchains.

    In the past 24 hours, XRP outperformed both a static bitcoin (BTC) and a 2.7% gain in the broader crypto market tracked by the liquid CoinDesk 20 index (CD20).

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