Following the drive to new peaks earlier in the year, the XRP open interest fell once again, trending below the $5 billion mark for a few months. This saw the price enter into another consolidation that has now been broken in the month of July.
Of the top 5 exchanges leading in terms of volumes, Upbit is the only crypto exchange that has seen positive net flows of $131.4 million. Meanwhile, the likes of Binance, Coinbase, OKX, and Bybit have seen negative net flows during this time, signaling that there is more buying going on on Upbit.
