- XRP faced bearish sentiment as the critical $2.73 resistance remained unbroken, frustrating traders.
- Futures Open Interest plunged $1 billion, exposing skepticism over XRP’s near-term recovery prospects.
XRP has been locked in a prolonged consolidation phase, hovering below critical resistance levels for over a month, with no signs of a breakout.
This lack of upward momentum has frustrated traders and eroded market confidence.
Recent data paints a bleak picture: In the last 48 hours, XRP Futures Open Interest has nosedived by over $1 billion, highlighting a sharp decline in investor conviction. What’s driving this dramatic shift in sentiment?
XRP Futures OI sheds $1 billion
Source: Coinglass
XRP: Critical investor uncertainty?
The XRP Price DAA Divergence chart highlighted a critical mismatch between price performance and network activity.
As XRP’s price surged in late November, DAA divergence turned sharply negative, signaling that network engagement failed to scale alongside the rally.
This divergence suggests the price movement was driven more by speculative trading rather t
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Author: Samantha LKM
