XRP 30% Open Interest Drop May Open Buy Zone Below $2.50
XRP's open interest has decreased by 30%, signaling a cooling in futures activity while the price faces short-term sell pressure. This decline in open interest indicates a possible accumulation opportunity, with a fair value gap between $2.33 and $2.65 serving as a key demand zone if selling pressure continues. Conversely, there are elevated whale inflows suggesting profit-taking, yet the long-term uptrend for XRP remains intact, aiming for $5 in 2025. The recent 6% price pullback and the modest liquidations suggest a controlled environment, reducing risks of significant sell-offs. If XRP can maintain support in the $2.33–$2.65 range, it could provide a significant buying opportunity for traders amidst the overall positive long-term outlook despite the short-term volatility.
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