. XRP Open interest (OI) He fell seriously, losing over $ 3 billion in almost three months. This violent reduction indicates weakening trust among traders and investors in miniature -term perspectives. In addition, a decrease in open interest comes because the market has significant variability and instability.
The open interest of XRP is a stern hit
According to Coumingss dataOpen interest of XRP from January 2025 has gradually decreased in significant parts. The chain data analytics platform revealed that XRP Futures Open interest on exchange increased Around 18 January to $ 7.87 billion. Various exchanges, including leading names, such as Binance, Bybit, Bitget and others, have contributed to this huge growth.
After an enhance of $ 7.87 billion in January, open interest rates XRP began to fall every month. At the beginning of February, he met with a significant decrease to $ 5.94 billion, which means a 24% decrease compared to the first level. While OI experienced a little recovery in the following days, eventually even a deeper drop to $ 3.01 billion on February 28.
Currently open interest is around $ 3.22 billion, which reflects a decrease by over 50%. Although this is a miniature enhance compared to a previously defined low level, the cryptocurrency has still lost around $ 4.62 billion in less than three months.
In addition, Futures XRP opens up to interest Binance He also hit. On January 17, 2025, the open interest from Binance increased rapidly to $ 1.62 billion, marking the highest XRP level this year. Despite this growth, OI XRP dropped to $ 619.8 million, reflecting a loss of over $ 1 billion.
In particular, several factors could have contributed to this deep decline in open interest of XRP. . Last market confusion and subsequent cryptocurrencies Price correction They fueled uncertainty about his prospects. With the deterioration of the economic situation, the XRP price is USD 2.28, which means a 15% decrease in the last month.
Usually open interest represent total capital invested for open market positions. A edged decrease in OI suggests that traders close their positions without opening fresh ones, potentially indicating reduced commercial activity and needy interest.
The analyst provides for prices to enhance up to USD 10
While XRP faces restrictions due to a decrease in open interest and wider market conditionsA technical analyst identified as “Steph in Crypto” on X (previously Twitter) anticipation Cryptocurrency surge. According to the analyst, the price is preparing for a edged growth above USD 10.
The ambitious forecast of the analyst is based on the last creation of the Cross of Golden Moving Consoches (MACD) on the price chart. Steph presented a chart with the display of a green box XRP price price In 2024, which occurred, followed by a rally. The second box is illustrated by the cryptocurrency movement in 2025. If the story repeats, the analyst believes that Altcoin may explode again after his electricity Consolidation phase.
A distinguished picture from Adobe, chart from TradingView.com
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