XRP’s 30% decline in open interest could create a strategic buy zone under $2.50, analysts say, as reduced leverage may lower downside risk and prompt consolidation ahead of renewed upside.
Ripple bears face a critical threshold: a swift move to $3 could ignite cascading liquidations across leveraged XRP positions. We examine open interest, liquidity gaps, and the potential spillover to broader crypto markets.
XRP futures open interest surged by 20%, coinciding with a spike in trading volume that reached $21.62 billion, as analysts eye a potential price target of $6 for the digital asset in August. Market dynamics signal a robust bullish momentum.
As XRP’s open interest declines by $2.4 billion, market analysts are raising concerns about a potential price crash. This significant drop may indicate shifting investor sentiment and could precede heightened volatility for the cryptocurrency.
XRP’s open interest has plummeted to its lowest level since 2025, raising concerns about the sentiment among altcoin traders. Analysts speculate that this decline could signal waning confidence in XRP’s future performance and broader market trends.
Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.
Binance Coin (BNB) has seen a sharp rise in futures open interest, even as regulatory concerns loom large and affect the altcoin’s price. Despite the bullish trend, the uncertainty surrounding the regulatory landscape is weighing on BNB.