XRP Price Consolidation: Is a Breakout Looming?

Despite increased trading volume, XRP’s open interest in futures contracts is declining. This suggests traders may be closing positions or reducing leverage rather than building new exposure. The recent surge in options volume, however, has some traders questioning whether it signals short-term volatility or hedging plays. 33% increase in options volume, while open interest decreased by 3%, indicates potential hedging activities among traders. This divergence between futures and options activity raises eyebrows as it suggests that market players are either rolling down their positions or trading on temporary volatility rather than a directional view.