XRP continues to consolidate below a major resistance for over a month, frustrating investors as the altcoin struggles to gain upward momentum.
This prolonged slump has affected traders' confidence, with many choosing to pull back amid the lack of significant price growth.
XRP traders are unsure
Open interest (OI) in XRP futures has dropped by $1 billion in the past 24 hours, indicating a loss of confidence among traders. Just a day earlier, OI had surged to $2.9 billion, driven by expectations of a price rally. However, when those hopes failed to materialize, traders began to withdraw their funds.

Hamster Combat, the popular click-to-earn game on Telegram, has announced plans to launch a layer 2 network on The Open Network (TOON).
This initiative follows a community vote supporting the creation of a dedicated blockchain to expand the utility of the Hamster Combat Token (HMSTR).
Hamster Combat Launches Its Own Blockchain Network

Whales have been buying large amounts of Dogecoin (DOGE), Injective (INJ), and PAAL AI (PAAL), highlighting the growing interest in these coins. Dogecoin whale addresses have risen from 660 to 671 over the past week, with a 5% price increase, bringing its market cap close to $47 billion.
Injective has seen a renewed whale buildup, with headline numbers consistently rising, coinciding with a 6% week-over-week price increase and a $2 billion market cap. Meanwhile, PAAL has surged 94% in 30 days, driven by the crypto and AI narrative.