XRP Price Holds Firm Amidst Selling Pressure Absorption on Binance

Despite a significant drop in Open Interest following a previous $1.5 billion peak, XRP price remains steadfast at around $2.36. This stability comes as short selling pressure is growing, creating a dynamic tug-of-war between buyers and sellers on Binance futures. Recent data suggests a resurgence of trading activity among traders, fueled by increased engagement indicators. 80% of market players currently favor the sell side, while Open Interest signals a potential surge in volatility.