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,” said Markus Thielen, head of research and strategy at crypto services provider Matrixport, in a note to clients on Monday. “However, if Ripple is successful in this case, XRP’s legality in the US market will be solidified and help drive a price rally.”