XRP derivatives trading volume surged by 62.99%, reaching $4.52 billion, according to Coinglass data over the past day. This demonstrates a significant uptick in trading activity and growing trader interest for XRP, despite a minor 0.3% dip in open interest, which currently stands at $3.65 billion.
Options volume for XRP also rose by 65.06%, with open options positions up by 24.48% to $763,030. Trader sentiment is predominantly bullish, as indicated by a long-to-short ratio of 3.0161 on Binance and 2.2 on OKX, meaning three traders are going long for every short at Binance. Recent liquidations data notes $8.63 million in total liquidations over the last 24 hours, with $7.8 million in long liquidations and $835,450 in shorts.
At publication, XRP is trading at $2.15, down 0.69% in 24 hours, in a period marked by significant price volatility. The bullish sentiment may be partially influenced by Ripple's recent $25 million RLUSD donation to support US schools and teachers.
