Open interest on XRP futures has hit a new record high for the year, surpassing $1.1 billion in the past 24 hours. XRP tokens have seen a 6% surge for two consecutive days, reaching 80 cents before dropping back. The majority of these positions are held on Binance, with $443 million worth of open interest.
The recent interest in XRP tokens follows a US court ruling that the sale of XRP on exchanges did not constitute investment contracts. Bitcoin and ether have also recovered to above support levels at $30,000 and $1,900, respectively.
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