Coin

<ul class="news-points">
 <li>XRP’s Open Interest surges amid Ripple vs. SEC settlement hopes.</li>
 <li>SEC reduces penalty demand from $2B to $103M.</li>
 <li>Ripple requests penalties capped at $10M, citing Terra’s $420M civil penalty.</li>
</ul>
XRP, the cryptocurrency at the heart of the ongoing Ripple vs. SEC lawsuit is experiencing heightened interest from traders, as evidenced by a surge in Open Interest (OI). This uptick in OI, coupled with recent price movements, suggests growing optimism about XRP’s potential price appreciation as settlement hopes in the legal battle rise.
As per CryptoQuant’s <a href="https://x.com/cryptoquant_com/status/1803307474214338610" target="_blank" rel="noopener noreferrer nofollow">analysis</a>, a rise in OI alongside price indicates growing trader interest, meaning investors are increasing their stakes with the expectation of an XRP price increase.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd7UHxXjA-Ir65uROGXdXxgMvgwg2B5MngZAjh-GAwDyC5NkRaZAB11pZjo4U786wkEUXWaOpVqt9XDyuje4pB_f-7cxdDYFXChz3ZhEXpEH44h1mvTnsGQldJURN-2VCXxeFNwGu7eZOEfr99-Mpq8snfy?key=sl9VP2kP-b7AONuN94XfwA" alt="">
</figure>
While OI reflects investor expectations and actions, it can also lead to sudden market volatility. Hence, it is crucial to monitor market fluctuations closely and prioritize risk management before making any investment decisions.
The SEC vs. Ripple lawsuit is one of crypto’s most intense legal fights. In 2020, the U.S. regulator accused the blockchain firm of offering XRP as an unregistered security. Although the court ruled that the Rip…
The post <a href="https://coinedition.com/xrp-open-interest-surges-as-traders-bet-on-ripple-settlement/" rel="noopener noreferrer nofollow">XRP Open Interest Surges as Traders Bet on Ripple Settlement</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Open Interest Surges as Traders Bet on Ripple Settlement

Coin Edition

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