The XRP futures market shows clear signs of cooling down. According to data, open interest (OI) on XRP Ledger at a major exchange has fallen to $453 million, hitting a new low since 2024.
In comparison, earlier this year when XRP was hot, futures OI once surpassed $1 billion. This correction indicates that market participants are becoming more cautious. Profit-taking after a rapid rise is normal, but the significant contraction in OI reflects a cooling of bullish enthusiasm—investors are waiting for more definitive directional signals. This shift from extreme optimism to relative conservatism often signals that the market is undergoing a re-pricing of sentiment and positions.
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LightningHarvester
· 16h ago
Billion down to just over 400 million, this drop is incredible, the true nature of air coins has been fully exposed.
This is the real picture; retail investors should wake up.
The OI halving indicates that no one dares to take the bait anymore.
Waiting for signals? Probably waiting for the bag holder, haha.
From hot to cooling down, it happened as fast as a flash, and the players' mentality has completely changed.
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RugPullSurvivor
· 16h ago
Hmm... With so many OI cuts, it seems the big players are also scared.
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token_therapist
· 16h ago
Are you starting to be bearish again? The market is so volatile, it's exhausting.
OI has dropped so much, you should have seen it coming.
Falling from one billion to 450 million, this correction is indeed fierce.
Wait and see, the directional signal hasn't come yet.
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DegenWhisperer
· 16h ago
1 billion drops to 453 million, this is the fate of FOMO retail investors.
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Starting to wait for signals again, it's always like this, waiting endlessly.
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It should have cooled down long ago. What happened to that group of people last year?
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OI is directly halved, what does that mean? It means no one dares to take over anymore.
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Still talking about re-pricing, honestly, it just means there's no direction, brother.
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I saw this correction coming a long time ago, just don't know where the bottom is.
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Cooling down the enthusiasm for going long is a good thing, at least it can prevent more people from getting hurt.
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HodlTheDoor
· 16h ago
Alright, now it's good. Dropped from 1 billion to 453 million, and OI was cut in half. Basically, no one dares to chase anymore.
Wait, are investors really waiting for signals, or are they just cutting losses and running? It's hard to tell.
Those who made money have already left, and the remaining are bottom-fishing. The show must go on.
With OI so weak, it really feels like the bottom might not have been reached yet.
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DegenWhisperer
· 16h ago
Damn, it's the same old story... I've heard this before last year.
From 1 billion to 450 million, retail investors have already left, only institutions are still playing.
What kind of directional signal are you waiting for? Might as well wait for death.
Is this the "repricing" in the crypto world? Laughable.
What does the decrease in OI indicate? It means no one believes anymore, brother.
The real signal is that the funds have already moved their positions, don't wait any longer.
The XRP futures market shows clear signs of cooling down. According to data, open interest (OI) on XRP Ledger at a major exchange has fallen to $453 million, hitting a new low since 2024.
In comparison, earlier this year when XRP was hot, futures OI once surpassed $1 billion. This correction indicates that market participants are becoming more cautious. Profit-taking after a rapid rise is normal, but the significant contraction in OI reflects a cooling of bullish enthusiasm—investors are waiting for more definitive directional signals. This shift from extreme optimism to relative conservatism often signals that the market is undergoing a re-pricing of sentiment and positions.