XRP Traders Lose Appetite for Aggressive Upside Bets as OI Crashes 59% - What’s Next for the Digital Asset?

The speculative frenzy around XRP has hit a wall. Aggressive upside bets are vanishing from the market as open interest plummets—a staggering 59% decline that signals a profound shift in trader sentiment.

Where Did the Bulls Go?

Open interest crashing by 59% isn't just a statistic; it's a mass exodus of leveraged optimism. The high-octane traders who fueled previous rallies have pulled back, leaving a quieter, more cautious landscape. This isn't a minor pullback—it's a fundamental recalibration of risk appetite.

The Liquidity Drain

When open interest collapses, liquidity evaporates. The market becomes thinner, more susceptible to sharp moves on minimal volume. It's the financial equivalent of a party where everyone suddenly decides to leave at once—the music stops, and what's left feels empty. Some might call it a healthy purge of excess; others see a warning sign flashing red.

A Market in Search of Conviction

Without those aggressive bets, XRP's price action loses a key engine. The asset now searches for a new narrative, a fresh catalyst to rebuild trader conviction. Will it find stability at a lower level, or is this the calm before another storm? Only time will tell if this is a strategic retreat or a full-blown surrender—after all, in crypto, a 'long-term hold' is often just a polite term for a bagholder waiting for a miracle.

XRP open interest has dropped tremendously since the October 10 crash, as traders lose interest in aggressive Leveraged exposure. Notably, XRP has taken another leg lower over the past 24 hours, as Bitcoin briefly fell below $86,000.

Visit Website