Ripple’s XRP Futures Activity Declines Amid Market Adjustments

Recent data from Cointelegraph reveals a significant decline in XRP futures open interest over the past month, dropping to $7.7 billion from $11 billion. This decrease coincides with a fall in XRP prices from a peak of $3.66. Typically, a reduction in open interest signals decreased speculative activity, possibly indicating profit-taking or loss of confidence among leveraged traders. This trend mirrors a similar pattern observed in Q1 when XRP’s open interest fell sharply and the spot price plummeted by over 50%.