XRP futures open interest has increased by 3.88% in the past hour, according to Coinglass data. This uptick coincides with the launch of Ripple's Swell event, which has fueled speculation about potential announcements that could impact XRP's price. Despite a 13% drop in XRP's value over the last 24 hours, traders are actively entering new positions in the derivatives market, suggesting anticipation of a price rally.