Ripple's open interest surges... raising expectations of price rise and concerns about volatility at the same time

As Ripple (XRP)'s (hereinafter referred to as XRP) open interest (hereinafter referred to as OI) is rapidly increasing, expectations of price increases and concerns about volatility are being raised at the same time.
CryptoPotato cited an analysis by CryptoQuant on the 19th (local time) that investors are considering buying XRP and the U.S. Securities and Exchange Commission (SEC
The OI surge is likely due to investors investing in more and more XRP in hopes of boosting its price.
"We are closely monitoring market volatility in these circumstances," CryptoQuant said in a statement.
It is important to prioritize risk management by linking the OI with the price. If OI increases with the price, this can reflect investor expectations and behavior, but it can also lead to sudden market fluctuations.
"As a result, we need to be careful," he said. Meanwhile, XRP's value on the virtual currency market site CoinMarketCap rose to 0.000 on the 20th (Japan time) at 3:35 p.m.
It is trading at $0.49 (about 80 yen), up .63%, which is a 1.89% increase from a week ago.