$XRP ✳️The cryptocurrency XRP is going through a rough time. In a week, the Ripple token has lost 8% of its value. It is currently trading around $2.20, far from its historical peaks. The $3 mark seems to be drifting away. This stagnation raises questions: what's happening? Should we be concerned about the stability of this major cryptocurrency or just wait for a trigger? The market seems indecisive, but derivatives activity is skyrocketing. A paradox. The price of XRP remains steady despite an explosive increase in derivative product contracts.
Open Interest reaches $5.2 billion, fueling fears of a drop or hopes of a surge.
In January, a similar increase preceded a spectacular jump thanks to strong catalysts.
This time, speculative momentum seems disconnected from the real fundamentals of the Ripple project. It is being discussed in crypto circles: what if XRP is on the brink of a new decline? In recent days, several worrying signals have emerged. One of them is the collapse of XRP staking, a discreet phenomenon but revealing of a temporary disinterest from users. In addition, there is a more massive piece of data: Open Interest (OI). This indicator, which measures the total value of open derivative contracts, has exploded in recent days reaching $5.2 billion.