Is XRP about to crash? The signs are loud and clear.

XRP has already taken a 15% dive from its recent high of \$3.66, and the ripple effect is being felt across the futures market. XRP Futures open interest has dropped by a massive \$2.4 billion, sparking fears of a cascading liquidation that could potentially push XRP below \$2.60.

Looking at the charts, it’s evident that leverage was a major factor behind the recent 68.7% rally. With XRP futures open interest reaching an all-time high of \$11.2 billion before this 21% correction, it’s clear that excessive bullish leverage has been flushed out. Despite this, open interest is still 48% higher than just a month ago, suggesting that caution is needed before making any big moves.

But here’s the twist: It’s not all doom and gloom. XRP futures are still trading at a healthy 6% to 8% premium, signaling that the market sentiment remains largely neutral, even after the \$3 retest. This dip could just be a healthy reset, not the beginning of a deeper collapse.

On top of that, the buzz around a potential XRP spot ETF is growing louder. If that materializes, it could trigger a massive rally, pushing XRP to new heights.

So, while the short-term volatility may be shaking traders, the long-term outlook remains a waiting game. Keep an eye on XRP — this moment could be pivotal.

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