XRP Futures Volume Hits Six-Month High Amid Binance's Record-Breaking Trading
CryptoQuant data reveals that XRP futures volume has hit a six-month high. This milestone is significant, as it shows increased interest in trading XRP derivatives.
The Binance perp-spot volume imbalance Z-Score indicator for XRP currently sits in a neutral range of 0.17 points. This suggests that volatility in the XRP market may be cooling off.
This development comes amid other bullish signals in the crypto market, including the fact that leveraged funds on CME have turned net long Bitcoin futures after years of structural short positioning.