$2.3 Billion XRP Swings: Investor Confidence in Question

XRP has seen a substantial price fluctuation in the past 24 hours, raising concerns among investors. According to CoinGlass, open interest stands at approximately $4.78 billion. This drop in futures commitments by 6.67% suggests a potential weakening of confidence. A significant decline in this metric implies reduced investor conviction or an unwinding of positions amid market uncertainty. 2.03 billion XRP in active futures commitments mark the current level of trading activity.