Analysts: XRP open interest of nearly $5 billion, which may trigger a short-covering market
PANews reported on June 3 that according to CoinDesk, the current price of XRP is about $2.20, and the open interest has surged to nearly $5 billion, showing a high degree of speculative sentiment in the market. Bitget analysts pointed out that XRP is currently in a narrow range, and a catalyst could trigger a rapid rally and trigger short covering. However, if market sentiment weakens, high leverage may also trigger large-scale liquidations.
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