XRP News: Open Interest Drops $1B as Price Struggles to Break Resistance

XRP has been consolidating under key resistance for over a month. This has left investors frustrated as the altcoin struggles to gain upward momentum. This extended inactivity has taken a toll on traders’ confidence, with many stepping back as the altcoin has failed to display significant price growth.

XRP Open Interest Drops By $1B

Recently, the Open Interest in XRP Futures dropped by a massive $1 billion in the past 24 hours. Just a day before, the Open Interest had surged to $2.9 billion over expectations of a rally. However, as the expectations of an imminent rally faded away, traders began withdrawing their funds.

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