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When breaking down the trading volume by exchange, Binance emerged as the dominant player with a trading volume of $1.18 billion. Bybit and OKX followed with volumes of $443.63 million and $289.05 million, respectively. These figures suggest that the increased trading activity is not confined to a single platform but is rather a broad-based phenomenon involving multiple exchanges.. CoinGlass data reveals that Open Interest has risen by 4.26% in the last 24 hours, reaching a total of $945.
Once again, Binance leads the way in Open Interest with a total of $234.65 million, followed by Bybit with $206.15 million and Bitget with $140.74 million. The rise in Open Interest alongside the surge in trading volume suggests growing optimism and confidence among traders regarding XRP's price potential.
Beyond immediate trading metrics, another factor that could catalyze XRP's price is Ripple's ongoing efforts to forge new partnerships and expand its network of financial institutions and payment providers. has a track record of collaborating with major players in the finance industry, and any positive announcements regarding new partnerships or adoption could significantly boost investor confidence and drive up demand for XRP.
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