XRP Price Tests $1.06 as Open Interest Hits Six-Month Low

XRP has continued its decline, trading near $1.07 as buyers struggle to move the token away from its lower range.

According to CoinGlass data, open interest in XRP futures is at a six-month low of around $2.25 billion after leveraged positions have been unwinding across exchanges.

CryptoQuant's analysis suggests that traders are resetting their positions rather than experiencing forced capitulation, with balanced liquidations and neutral funding rates.