XRP Open Interest Rises, but Futures Market Outlook Remains Cautious

CryptoQuant, a leading cryptocurrency analytics company, has observed an increase in open interest for XRP. According to their latest data, as XRP's price rose above $1.46, leveraged positions in derivative markets began to increase again. This indicates that investors are returning to leveraged trading after the recent market reset.

However, CryptoQuant's analysis suggests that the capital flow behind this rise is not strong. The Binance Perpetual CVD data has declined to approximately minus $434 million, indicating that perpetual futures traders continue to take short positions or adopt a more defensive stance.