XRP Price Analysis: Open Interest Drops 3x Faster Than Price

The post XRP Price Analysis: Open Interest Drops 3x Faster Than Price appeared first on Coinpedia Fintech News

XRP has pulled back roughly 5%, falling from a local high of $1.66 to around $1.57, according to analyst Cryptoinsightuk. But open interest has dropped far more sharply, down about 10% in coin terms and 15% in dollar terms, a mismatch between price and leverage. Spot volume has also risen considerably, meaning buyers are stepping …