XRP trades at $1.29 on Saturday evening, its lowest level in 30 days. To judge how firm that floor is, the place to look is not the spot market but the futures market: $3.92 billion sits in open perpetual futures there, counted across 120 contracts on all exchanges. Against a market value of $81.5 billion, that is 4.8 percent.
Two things are documented by that. The share sits close to Bitcoin's 4.2 percent, and it sits far below the 15.1 percent that Ethereum and Solana carry. Our assessment follows further down: a thin futures market takes the fuel out of a slide, but it says nothing about whether anyone is buying.
Where the price stands on a horizon of months is tracked continuously in our XRP price prediction. This piece takes on the day, and from the angle that carries the most weight on a Saturday.
Open leverage on XRP: $3.92 billion against $81.5 billion of market value
Open interest is the sum of all futures positions that have not yet been closed. Each of those positions has a buyer and a seller, and each has a level at which the exchange unwinds it by force. That is precisely why the number matters to a spot investo...
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