Recent data from Cointelegraph reveals a significant decline in XRP futures open interest, dropping by 30% over the past month. This decrease from $11 billion to $7.7 billion coincides with the price of XRP retracing from its peak of $3.66. Experts link this trend to a drop in speculative activity and suggest it could be an indication of profit-taking or loss of confidence among leveraged traders, mirroring similar patterns observed earlier. While open interest has been declining, liquidations have remained relatively controlled, indicating a managed flush rather than a sudden sell off. The current price range of $2.33 to $2.65 may serve as a demand zone if the decline in open interest continues.