XRP price news: Ripple-linked token flips BNB as open interest toward pre-crash level
CoinDesk
XRP has surpassed BNB in market capitalization, reaching $93.4 billion, with open interest on Binance rising significantly.Summary
XRP has recently outperformed BNB, climbing to the fourth-largest cryptocurrency by market cap with a value of $93.4 billion. This surge, accompanied by a 125% increase in trading volume, has seen the token break through $1.50 resistance. Notably, open interest in XRP futures on Binance has increased by 59% since late October, indicating traders are adding leverage to the rally. While current open interest hasn't reached pre-crash levels, the buildup suggests stronger support, but also increased risk if the breakout fails. The market is closely watching whether the $1.50-$1.60 range will hold, as XRP approaches leverage levels seen before the October crash, while still trading 58% below its previous high.
(Source：CoinDesk)