Dhan

$XRP Futures Cool Off, but Traders Aren’t Tapping Out, Yet.

#XRP just shed $2.4B in open interest after a steep drop from $3.66 to $3.09. That’s a 15% price decline and a 21% drop in leveraged bets. Liquidations have wiped $325M in the last two weeks, yet open interest remains 48% higher than a month ago.

Some over-leverage has been flushed.

But on-chain activity is still low, and DeFi adoption on XRP Ledger lags behind peers like Avalanche, Sei, and Sui.

Meanwhile, ETF optimism and social rumors are swirling, but real volume isn’t following yet.

Derivative markets show neutral sentiment, but the next big move will likely depend on actual usage and not headlines.

Caution isn’t bearish. It’s realistic. Watching that $2.60 level like a hawk.

Chart from #BingX