XRP Bullish Bets In Derivatives Market Surge As CME Group Announces Futures Offering
Posted On April 25, 2025
Derivatives traders aggressively bet on XRP’s (CRYPTO: XRP) price increase amid the announcement of the coin’s futures contracts on CME Group Inc. (NASDAQ:CME) on Thursday.
What happened: More than 70.73% of traders on Binance with an open XRP position were positioned long, up from 67.57% a week ago, according to Coinglass.
It indicated that the number of individuals holding long positions in XRP was 2.42 times higher than those holding short positions.
Bullish expectations were also high among the top 20% of traders with the highest margin balance, with approximately 69.43% betting on XRP’s rally.
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The Open Interest in XRP …
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