XRP Open Interest Hits Two-Month High Amid Surging Transactions

XRP's open interest on Binance has hit a two-month high, signaling increased trader activity in derivatives despite its price remaining near $1. According to data from Pluang, XRP Ledger transactions over $1 million have surged by 280% in the past 24 hours, with active addresses reaching a two-month peak.

Stablecoin RLUSD and real-world asset activity on XRPL are also growing, enhancing liquidity and utility. The key price level remains $1, with market volatility expected as traders watch whether this activity translates into sustained demand for XRP.