XRP Trading Volume Plummets: Options Open Interest Drops 53% Amidst Uncertainty

XRP trading volume has taken a dramatic hit, dropping by 25% to $1.8 billion in recent days. This coincides with a decline in overall market participation as traders become cautious ahead of the SEC’s potential decision on Grayscale’s spot XRP ETF. The token has shown little movement so far, trading within a tight range between support at $2 and resistance at $2.1. 53% drop in options open interest indicates declining investor confidence and lack of long-term commitment. Related: Analyst Eyes XRP Breakout With Resistance at $2.30 and Falling Inflows.