11-27
XRP Derivatives Open Interest Falls to $504M as Price Tests $2.30 Resistance
XRP's derivatives open interest has declined from over $1.7 billion to approximately $504 million, the lowest level since November 2024. The contraction reflects reduced trader participation in futures and perpetual contracts. Technical analysts have identified a cup-shaped reversal pattern, with $2.30 representing critical resistance that could trigger significant upward movement if breached.
XRP
XRP+1.48%
11-27