XRP just reminded us why leverage can be a double-edged sword.
After a clean run from $2.17 to $3.66 (+68.7%), it’s now down 15%, with $2.4B in open interest wiped out.
Open interest dropped 21% in USD terms
Still up 48% vs. last month in XRP terms
Yet on-chain activity on XRP Ledger remains low
No breakout DEX usage or major DeFi traction
Rumors about banks + SWIFT partnerships still lack credible proof
Even with ETF speculation floating around, the real signal is this: leverage can drive rallies, but utility sustains them.
If XRP can’t build on-chain demand, holding $3+ becomes harder.
What do you think, bounce from here or more pain?
