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XRP Open Interest Loses Over $3 Billion In 3 Months Amid Market Turmoil

The XRP Open Interest (OI) has declined severely, losing over $3 billion in almost three months. This sharp reduction indicates a waning confidence among traders and investors in XRP’s short-term outlook. Moreover, the decline in Open Interest comes as the market experiences significant volatility and instability. 

According to Coinglass data, XRP’s Open Interest from January 2025 to date has gradually decreased in significant portions. The on-chain data analytics platform revealed that the XRP Futures Open Interest on exchanges surged around January 18 to $7.87 billion. Various exchanges, including leading names like Binance, Bybit, Bitget, and others, contributed to this massive increase.

XRP Open Interest Loses Over $3 Billion In 3 Months Amid Market Turmoil

The XRP Open Interest (OI) has declined severely, losing over $3 billion in almost three months. This sharp reduction indicates a waning confidence among traders and investors in XRP’s short-term outlook. Moreover, the decline in Open Interest comes as the market experiences significant volatility and instability. 

According to Coinglass data, XRP’s Open Interest from January 2025 to date has gradually decreased in significant portions. The on-chain data analytics platform revealed that the XRP Futures Open Interest on exchanges surged around January 18 to $7.87 billion. Various exchanges, including leading names like Binance, Bybit, Bitget, and others, contributed to this massive increase. 

https://bitcoinist.com/xrp-open-interest-3-billion-loss/