Recent price fluctuations in XRP (XRP) suggest a potential drop to around $1.50, with indicators showing a decline in open interest. The cryptocurrency’s price experienced a significant downturn on February 25th following President Trump’s remarks about tariffs on imports from Canada and Mexico. This event triggered an immediate decrease of over 22% from the previous day’s value, bringing the current price down to approximately $2.13. This decline aligns with decreasing open interest, a significant signal for potential bearish movement. Open interest data from CoinGlass reveals a sharp drop, with levels last seen on January 3rd at around $2.93 billion, a notable decrease of over 20% from the previous day’s level. This trend has historically been correlated with major price drops in XRP, as seen during Trump’s initial tariff announcement in early February. The current scenario is reminiscent of that historical event, which led to a dramatic 43% decline in price from $3.13 on January 31st to $1.76 on February 3rd. Adding fuel to the bearish movement are rising funding rates, indicating increasing pressure on the short side.