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XRP Whiplash: Open Interest Craters 45% as Traders Flee ’Stablecoin That Forgot to Stabilize’
XRP Whiplash: Open Interest Craters 45% as Traders Flee ’Stablecoin That Forgot to Stabilize’
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XRP’s price charts look like a seismograph this week—$0.52 to $0.48 and back again—as derivatives traders abandon ship. Open interest nosedived $200M in 72 hours while spot volumes evaporated faster than a DeFi rug pull.
The ’banker’s crypto’ is suffering an identity crisis: too volatile for payments, too bureaucratic for degens. Even the usual ’Ripple partnership’ pump failed to materialize after last week’s SBI Holdings announcement—turns out adding another middleman doesn’t fix liquidity.
Meanwhile, Bitcoin ETFs just crossed $15B in AUM. But hey, at least XRP’s legal team stays employed.
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