Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring ‘Alt Season’

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Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring ‘Alt Season’

"A win for the SEC could also impact other altcoins as they will likely be subject to more regulation," Markus Thielen, head of research and strategy

“A win for the SEC could also impact other altcoins as they will likely be subject to more regulation,” Markus Thielen, head of research and strategy at crypto-services provider Matrixport, wrote in a note to clients on Monday. “However, if Ripple is successful in this case, XRP’s legality in the U.S. market will be solidified and help drive a price rally.”

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