XRP Price Undergoes Sharp Decline Amid Reduced Leverage

The cryptocurrency market has seen significant fluctuations in recent months, with XRP being no exception. According to data from CryptoQuant, XRP derivatives positioning has decreased steadily over the past three months, with open interest dropping across major exchanges.

This reduction in leverage can be a sign that the market is consolidating and preparing for a potential bounce back. Historically, periods of low open interest have preceded significant price movements, making it an important metric to monitor for traders and investors.