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XRP Open Interest Hits Lowest Since November 2024.

Binance data shows $XRP open interest has dropped sharply from highs above $1.7B to around $504M, marking its weakest level since November 2024. This contraction signals fading conviction among traders, with liquidity flowing out of both long and short positions. The decline coincides with XRP’s price sliding to $2, down from the $2.5–$3 range, underscoring a lack of momentum for recovery.

Funding rates add to the bearish picture, turning negative over the past two months as short sellers pay to hold positions. Combined with falling open interest and price pressure, these indicators highlight severe weakness in market sentiment. With no signs of accumulation from larger players, XRP remains under clear seller control until new liquidity emerges.

#Macro Insights# #Altcoin Season# #XRP