XRP Holds Key Support as Open Interest Falls Amid Ripple's Infrastructure Boost
XRP has held onto crucial support at $1.06 despite a slight 0.9% decline, trading near $1.07.
The open interest in XRP futures fell to a six-month low as leveraged positions unwound, with balanced liquidations and neutral funding indicating a reset rather than forced selling.
Ripple's legal issues with the SEC are settled, and the company has recently invested in new tools to enhance its XRP Ledger infrastructure.