the Open attention XRP (OI) He decreased severely, lost more than $ 3 billion in about three months. This sharp reduction indicates a confidence of a decline between traders and investors in the short term in XRP Expectations. Moreover, the decrease in open attention comes at a time when the market faces great fluctuations and instability.
XRP open interest takes a big blow
According to Coinglass DataThe open interest of XRP from January 2025 has gradually decreased in important parts. The data analysis platform revealed on the series that Future contracts XRP on stock exchanges rose About 18 January to 7.87 billion dollars. Various exchanges, including leading names such as Binance, Bybit, Bitget, and others, contributed to this tremendous increase.
After an increase of $ 7.87 billion in January, the XRP FUTERES OPEN interest began to decline every month. At the beginning of February, it faced a significant decrease to $ 5.94 billion, which represents a 24 % decrease from the highest primary level. While Oi witnessed a slight recovery in the following days, it eventually recorded a deeper decrease to $ 3.01 billion on February 28.
Currently, the open interest sits around $ 3.22 billion, which reflects a decrease of more than 50 %. Although this is a slight increase in the lowest level in that previously mentioned, the cryptocurrency still has lost about $ 4.62 billion in less than three months.
In addition, XRP futures are open to Binance It has achieved great success. On January 17, 2025, the open interest on Binance increased to $ 1.62 billion, which represents an increase in XRP this year. Despite this increase, XRP's OI decreased to $ 619.8 million, reflecting a loss of more than one billion dollars.
It is worth noting that many factors may have contributed to this deep decrease in the open interest of XRP. the The last market disturbances And the subsequent encrypted currency Correct price It has been uncertain on its horizons. With decline, the XRP price is traded at $ 2.28, which represents a 15 % decrease during the past month.
Open benefit usually represents the total capital invested in open market positions. The sharp decline in OI indicates that merchants close their sites without opening new sites, which indicates a decrease in trading activity Interest declines.
The analyst predicts an increase in price to 10 dollars
While XRP faces restrictions due to its decrease in open attention The wider market conditionsA technical analyst determined as “Steph in Crypto” on X (Twitter previously). Prediction Increase in encrypted currency. According to the analyst, the price is preparing for an increase of more than $ 10 soon.
The ambitious prediction of the analyst depends on the last composition of the average contrast of the medium golden rapprochement (MACD) on the price scheme. Steve was planned with a green box XRP price In 2024, which witnessed a decrease followed by a gathering. The second square shows the movement of cryptocurrencies in 2025. If the date is repeated, the analyst believes that altcoin may explode up again after its current. The monotheism stage.
Distinctive image from Adobe Stock, Chart from TradingView.com
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