CryptoStar
07/30 17:27
Crypto: XRP Loses $2.4 Billion In Open Interest In
Crypto: XRP Loses $2.4 Billion In Open Interest In Just A Few Days
The XRP derivatives market has just experienced a major shock: 2.4 billion dollars of open interest evaporated and a 15% price drop in a few days. This sudden withdrawal of leverage raises questions. Should this be seen as a simple adjustment or the beginning of a deeper reversal? While some continue to bet on a bullish recovery, technical signals are becoming blurred and give way to doubt. Is XRP entering a prolonged turbulence zone?
In brief
- XRP experienced a 15% drop after reaching a peak at $3.65 on July 18, 2025.
- This decline was accompanied by a sharp drop in futures open interest, falling from $11.2 billion to $8.8 billion.
- In total, $2.4 billion of positions were liquidated, revealing a massive disengagement of leveraged investors.
- Despite this drop, open interest remains 48% higher than a month ago, signaling still significant exposure.
A record followed by a collapse: open interest freefall
On July 18, XRP reached a peak at $3.65, propelled by a bullish rally of 68.7% in two weeks. However, this move was quickly followed by a marked decline, both in price, which lost 15%, and in the derivatives market, where open interest fell by $2.4 billion.
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