XRP trading volume dropped 25% to $1.8 billion amid weakening market participation.
Options open interest plunged 53.69%, while options volume spiked 73.58%.
Traders remain cautious ahead of the SEC’s decision on Grayscale’s spot XRP ETF.
XRP has registered a 24-hour trading volume drop of 25% to $1.8 billion amid weakening market interest. Despite a slight uptick in the past day, XRP is moving sideways, caught between support at $2 and resistance at $2.1 as traders await a decisive breakout.
Trading Volume Falls as Market Cools
XRP’s falling trading volume reflects declining short-term momentum and reduced trader participation. The 25% drop in volume suggests fewer investors are entering new positions, as the token trades in a tight range.
Related: Analyst Eyes XRP Breakout With Resistance at $2.30 and Falling Inflows
Similarly, XRP derivatives trading volume dropped sharply by 34.53% to $3.43 billion, signaling waning market activity. Open interest slipped slightly by 0.47% to $3.14 billion, while options open interest plunged 53.69% to $339,100, indicating a significant reduction in existing positions.
However, options volume spiked 7…
The post XRP Spot Volume Drops 25%, Options Open Interest Plunges 53%: What’s Happening? appeared first on Coin Edition.
