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XRP surged to a six-month high as notional open interest for its perpetual futures hit a record $8.8 billion, signaling strong bullish sentiment. The token’s price rose 5.1% in 24 hours, with retail traders showing renewed interest in familiar altcoins.
- XRP perpetual futures open interest hit a record $8.8 billion, indicating strong market participation.
- Positive funding rates suggest traders are bullish, paying higher rates to maintain long positions.
- Analysts link XRP's rally to retail interest in familiar altcoins and easing regulatory concerns.
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