Within just 24 hours, XRP experienced a $1 billion drop in open interest, reflecting decreased confidence. The market had initially anticipated a price surge with a previous open interest at $2.9 billion. However, as expectations fell short, traders withdrew funds, marking a shift to bearish sentiment.
XRP’s price stagnation below resistance levels has heightened bearish sentiment, with the price DAA divergence indicating reduced trader activity. The currency now lingers above $2.00 support but remains vulnerable. A successful breach of the $2.73 resistance could lead the price to its historic HIGH of $3.31.