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

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