XRP open interest skyrockets as Ripple tests its stablecoin RLUSD

XRP open interest hit a peak of $1 billion on Sunday and decreased since then, down to $846 million on Wednesday. Ripple Labs tests its stablecoin RLUSD, minting large volumes of the asset and fueling interest among market participants. XRP steadies around support at $0.6000 and trades positive on the day.