Recent market data highlights XRP’s concerning drop, with investors withdrawing from the asset as open interest plummets by over 6%. This decline, which saw a loss of nearly $4.7 billion in open interest, suggests investor confidence is waning. The coin traded at around $2.33 on Tuesday, reflecting a 3.50% drop within the last 24 hours. XRP’s trading volume also plummeted by a significant 38.82%, dropping to just $3.2 billion. 24-hour price and volume changes signal a concerning trend. While some market analysts believe this decline may be attributed to profit-taking, it remains unclear if the price drop will continue to put XRP in bearish territory and trigger further price declines.