Since its peak, Ripple’s XRP has been witnessing a steady decrease in Futures Open Interest (OI).<\/p>\n
Coinglass, an on-chain analytics company, reported that on January 18, 2025, XRP’s Futures OI stood at $7.62 billion.<\/p>\n
As of now, it has dwindled to $3.02 billion, edging close to the lowest point in 2025, reflecting a drop of over 50% from its peak.<\/p>\n
The decline in OI can be attributed to the prevailing bearish sentiment in the cryptocurrency market. The general outlook remains bearish, leading to significant price swings for cryptocurrencies like XRP.<\/p>\n
These fluctuations often result in the closure of open positions, fueling FOMO among altcoin traders. This could potentially explain the sharp decrease in XRP’s OI.<\/p>\n
Considering the current market sentiment and XRP’s OI, it appears that traders are moving away from altcoin investments.<\/p>\n
Interestingly, these developments unfolded amid a series of significant events in the market. Notable occurrences include the swearing-in of crypto-friendly U.S. President Donald Trump and the submission of multiple XRP Exchange-Traded Fund (ETF) proposals by asset managers.<\/p>\n
Despite these positive occurrences, short-term sentiment lingers on the bearish side, impacting day traders who continue to align with the downward trajectory.<\/p>\n
Conversely, long-term holders, investors, and institutions are leveraging the ongoing decline to accumulate significant positions, as per Coinglass data.<\/p>\n
Spot Inflows\/Outflows data indicate a substantial $187 million outflow of XRP tokens from exchanges in the past week.<\/p>\n
This outflow hints at potential accumulation, which could drive buying pressure and propel upward momentum in the future.<\/p>\n
XRP is currently hovering around $2.23, registering a slight 0.85% price dip in the last 24 hours.<\/p>\n
However, trading volume has plummeted by 35% during the same period, indicating reduced engagement from traders and investors compared to the previous day.<\/p>\n
According to a price analysis by CryptoCrypto, XRP’s recent descent below the critical $2.25 support level suggests a bearish outlook. Breaching this level may trigger a 13.5% decline, with the asset potentially testing the next support zone at $1.90 and the 200-day Exponential Moving Average (EMA).<\/p>\n","protected":false},"excerpt":{"rendered":"
Since its peak, Ripple’s XRP has been witnessing a steady decrease in Futures Open Interest (OI). Coinglass, an on-chain analytics company, reported that on January 18, 2025, XRP’s Futures OI stood at $7.62 billion. As of now, it has dwindled to $3.02 billion, edging close to the lowest point in 2025, reflecting a drop of<\/p>\n","protected":false},"author":1,"featured_media":41795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-41794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=41794"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41794\/revisions"}],"predecessor-version":[{"id":41797,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41794\/revisions\/41797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/41795"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=41794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=41794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=41794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}