XRP Futures Heat Up While $1 Support Faces Pressure

TLDR

• XRP futures open interest rose 2% to about $2.78 billion, while trading volume jumped 55% to roughly $1.17 billion.

• Binance and OKX traders showed a strong long bias, with major trader ratios reaching about 3.6 longs for every short.

• The XRP price remains near $1, making the support level a key test for heavily leveraged bullish positions.

• Santiment reported that XRP social sentiment fell to its most bearish level in three months despite rising futures activity.

• Nearly 50,000 XRP addresses became active within 24 hours, the highest level in more than two months.

• A break below $1 could trigger forced liquidations of leveraged longs and add further selling pressure.

XRP traders are building larger long positions as the XRP price holds near the $1 mark. Derivatives data show rising futures activity, while social sentiment has turned sharply negative. The setup puts fresh attention on whether buyers can defend a key price level.

XRP Price Holds Near Key $1 Level

Futures open interest reached about $2.78 billion on Monday, according to CoinGlass. The figure rose 2% over 24 hours, while trading volume climbed 55% to around $1.17 billion.

… Continue reading the full article at the original source below.