Ripple Price Plunge Sparks Unexpected Shift in Investor Sentiment

XRP has experienced a pullback of around 5% in recent days, falling from its local high of $1.66 to approximately $1.57 according to analyst Cryptoinsightuk.

Despite this decline, open interest in XRP has dropped significantly faster than the price itself, down about 10% in coin terms and 15% in dollar terms.

This discrepancy between price and leverage suggests that weaker, over-leveraged hands are exiting the market while longer-term investors accumulate the underlying asset.