5 hours ago
6
Key Takeaways
- XRP is hovering near $1.13, trapped in a tight range as it tests critical support.
- The “Fuel” Gauge: Open interest has dropped to $2.60B, nearly half of November’s $4.5B peak, signaling that speculative hype has largely left the room.
- Even with lower volume, CME and Binance are neck and neck in futures activity, suggesting smart money is staying present.
- A credible recovery requires a divergence, where price holds steady while open interest begins to climb.
This creates a clear problem for bulls: while buyers are showing up at the $1.10 to $1.15 support zone, they lack the conviction, and the buying power, to break through the selling pressure above them. Every time the price hits $1.15, it is met by sellers eager to exit, wearing down the support level with every failed attempt.
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