XRP
Why XRP is up 1.4% in the last hour
Analysis
XRP rose 1.4% over the past hour as traders reacted to derivatives positioning shifts highlighted in a recent report noting XRP open interest has fallen back to 2024 levels. That drop in open interest can coincide with reduced leverage and forced-position pressure easing, which may have supported a short-term bounce.
Contributing Factors (1)
Dogecoin And XRP Open Interest Crash To 2024 Levels, Here Are The Figures
Open interest in the derivatives markets for Dogecoin and XRP has fallen back to levels last seen in 2024, according to data from Coinglass. Slower capital inflows into the broader crypto market and e...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.