XRP Open Interest Drops 30%, Could Signal Buy Zone Below $2.50

A recent drop in XRP open interest, signaling decreased speculative activity, has raised questions about the future of the cryptocurrency’s price. The decline, reaching a new low of $7.7 billion after falling from a peak of $11 billion over the past month, could offer opportunities for buyers, potentially leading to renewed upside. 30% drop in open interest has been observed in similar periods. However, the possibility of a correction shouldn’t be dismissed, with prices currently facing near-term pressure and the potential for selling pressure from whales.