XRP Derivatives Surge Ahead of Key Senate Vote

XRP remained below resistance levels despite a surge in derivatives activity, as the market anticipates a crucial Senate vote that could officially classify the token as a commodity. According to CoinDesk, this legislative development is significant for XRP, potentially impacting its regulatory status and market dynamics. The increased derivatives activity suggests heightened investor interest and speculation around the outcome of the vote, which could have far-reaching implications for XRP's future trading and valuation.