XRP Price Stuck in Bearish Downtrend Amid Fading Demand
XRP's price remains in bearish hands despite reclaiming its $1.10 support level, according to Mitrade.
The institutional investor pullback is attributed to muted XRP spot ETF activity and a slight increase in futures Open Interest, which stands at 2.21 billion XRP on Monday.
Retail interest in XRP derivatives remains relatively stable, with perpetual futures Open Interest holding steady after a drop to 2.37 billion XRP on July 20.