Traders are losing confidence in $XRP

Open interest (OI) in the XRP futures market has fallen by $1 billion in the last 24 hours, indicating traders are becoming unsure - just a day earlier, it had risen to $2.9 billion amid expectations of a rally. However, when hopes were dashed, market participants began to close positions.

The sudden drop in OI indicates growing bearish sentiment among XRP traders and highlights skepticism about the asset's ability to break out of current resistance levels.

XRP's macro momentum is also showing weakness. The divergence between price and daily active addresses suggests sellers are dominating, reflecting declining participation and stagnant price. If selling pressure intensifies, XRP could face further challenges.$BTC $SOL #BtcNewHolder