XRP Market Suffers Major Liquidity Outflow as Open Interest Plummets

The XRP market is facing a significant decline in liquidity and trading activity, with its open interest dropping to levels not seen since November 2024. Binance data reveals a substantial decrease in XRP open interest, falling from $1.7 billion to just $504 million. This trend suggests reduced participation among traders as funding rates remain persistently negative, indicating short sellers are maintaining positions and preventing a market recovery.