Suche
Mein Konto
XRP Soars – Ripple Continues Upswing Following Positive SEC Ruling, While XRP Futures Reach Record Highs in 2023
The Ripple price (XRP) has risen enormously in the last seven days due to a positive ruling in the legal dispute with the US Securities and Exchange Commission (SEC). After a two-year legal dispute, Ripple was finally able to draw a line in the sand thanks to the court ruling. The cryptocurrency XRP has gained around 77 percent during this time and recently even exceeded the psychologically important mark of $0.80. This positive development is underlined by the record levels in trading with XRP futures in 2023. The volume of open interest in XRP Futures is currently over $1.2 billion, indicating growing interest in XRP and fresh capital...
XRP Soars – Ripple Continues Upswing Following Positive SEC Ruling, While XRP Futures Reach Record Highs in 2023
The Ripple price (XRP) has risen enormously in the last seven days due to a positive ruling in the legal dispute with the US Securities and Exchange Commission (SEC). After a two-year legal dispute, Ripple was finally able to draw a line in the sand thanks to the court ruling. The cryptocurrency XRP has gained around 77 percent during this time and recently even exceeded the psychologically important mark of $0.80. This positive development is underlined by the record levels in trading with XRP futures in 2023. The volume of open interest in XRP Futures is currently over $1.2 billion, indicating growing interest in XRP and fresh capital.
Analysts see the increase in trading volume in XRP Futures as an indicator of a positive trend and increasing investor interest. Currently, almost twice as many “short” positions are being liquidated as “long” positions. “Short” positions bet on a falling XRP price, while “long” positions speculate on a rising price. There is already talk in the XRP community about the next price target of $1.
Trading in XRP futures is particularly intensive on crypto exchanges. Binance is the most important trading venue with a share of 41 percent, followed by ByBit with 29 percent, Bitget with 19 percent and OKX with 9 percent. Since Binance has stopped trading crypto futures in Germany, there are alternatives that are suitable for German traders.
The impressive rise in the XRP price reflects the relief in the crypto scene triggered by Ripple's success in the SEC trial. A Ripple defeat might have impacted similar cases against other popular altcoins. However, XRP is now extremely strong and Ripple is already planning to resume business in the USA. When considering trading with XRP futures, it should be noted that this involves strong speculation and in-depth background knowledge is strongly recommended.
Overall, XRP is currently experiencing a surge and Ripple has made an impressive comeback. After the trial verdict, the crypto community is now optimistic about the future of XRP and other altcoins.