XRP Futures Open Interest Drops 23% in One Month

Major exchanges saw XRP futures open interest drop by nearly 23% within less than a month, with $257 million in leveraged positions being liquidated, according to CryptoPotato. While the decline in open interest doesn't necessarily indicate an outright downward trend, it suggests traders are adjusting their positions as derivative exposure decreases. Following the Clarity ruling, XRP trading volume fell by 39% compared to the previous day, reflecting a short-term contraction in trading sentiment.