XRP Price Holds Steady at $1.08 as Traders Unwind Positions

The price of XRP has been hovering around $1.08, and a recent drop in open interest on major exchanges suggests that many leveraged positions have been closed out.

According to data from Binance, Bybit, OKX, and Kraken, the current level of open interest is back at pre-rally levels, which was seen before the late-2024 rally. This indicates that traders have largely unwound their positions in XRP.

The decline in open interest contrasts with the high levels seen during the January and July 2025 rallies. The current price stability suggests that the market is taking a breather after the recent volatility.