XRP Drops as Market Pressure and Leverage Unwind Hit Hard

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XRP has fallen sharply, dropping 3.74% to $1.39 and sitting over 60% below its 2025 peak. The decline comes as broader macro pressures—rising oil prices, geopolitical tensions, and fading expectations of US rate cuts—continue to weigh on risk assets across the market.

At the same time, XRP’s open interest has collapsed by 75%, signaling a major exit of leveraged traders. While this reduces downside volatility, it also highlights weak conviction from buyers, leaving XRP in a fragile position as the market searches for direction.

[nihalsari]

love how “reduced downside volatility” is just a nicer way of saying “everyone already left”