XRP Open Interest hits $3.9B, then drops fast: What happens if $3.2 breaks?Will shorts get squeezed, or are bulls walking into a trap? XRP’s next move won’t be mild.

XRP sits in limbo as shorts dominate Futures, exchange inflows rise, and Open Interest remains elevated, raising the odds of either a short squeeze breakout or a deep correction toward $2.90.

After facing rejection at $3.50, Ripple [XRP] has traded inside a tight range, consolidating between $3.00 and $3.20 over the last four days.

However, derivatives market activity suggests that a bigger move could be brewing underneath this calm.