$XRP R Is XRP on the verge of collapse? XRP futures contracts lose $2.4 billion! The price of #XRP has dropped by 15% from its recent peak of $3.66, and with it, the open interest for #XRPFutures has plummeted by a staggering $2.4 billion! This decline raises concerns among traders, who wonder if a series of liquidations could push XRP below $2.60. Charts show that leverage clearly fueled the recent 68.7% rise, as the total open interest for XRP futures reached an all-time high of $11.2 billion before this 21% correction. Although much of the excessive bullish leverage may have been wiped out, open interest is still 48% higher than last month in terms of XRP, indicating the need for caution. However, not everything is bleak! Monthly XRP futures contracts are consistently trading at a good premium between 6% and 8%, suggesting that overall sentiment remains neutral despite retesting the $3 level. This indicates that the market is not showing extreme concern, and the recent decline could just be a healthy pullback. The world of cryptocurrencies is still buzzing with speculation about a spot trading ETF for XRP, which could spark a massive rally. Keep a close eye on XRP, as this could be a pivotal moment! #Ripple #XRPSpotETF #Altcoins#WhiteHouseDigitalAssetReport #CryptoScamSurge x