Ripple $XRP Faces Struggles as Open Interest Drops and ETH Pair Weakens
XRP is currently under pressure after losing over $520 million in open interest within the past week, signaling a sharp decline in trader confidence and speculative activity.
This drop in momentum has had ripple effects on XRP’s performance against Ethereum, with the XRP/ETH ratio falling to its lowest point in a month — a clear sign of underperformance compared to the broader altcoin market.
Some analysts suggest that #XRP may need to dip below the $2 threshold before building enough momentum for a sustained rally past $3, implying a potential reset before the next bullish breakout.
