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Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring 'Alt Season'

If the court rules that XRP is a security, it would mean the same for other alternative cryptocurrencies and subject the broader market to stringent supervision.

Open interest in XRP futures hits its highest level since December 2021. (Coinglass)
Open interest in XRP futures hits its highest level since December 2021. (Coinglass)