Ripple’s XRP Faces Bearish Pressure as Open Interest Drops

Ripple’s native cryptocurrency, XRP, is experiencing bearish pressure as open interest has fallen below $5.5 billion recently. This decline signifies uncertainty among traders and could have broader implications for the crypto market. Brad Garlinghouse, Ripple’s CEO, and his CTO, **David Schwartz**, remain silent despite the market volatility. Despite these events, XRP has displayed resilience during previous sell-offs, highlighting its potential to counter bearish trends.