XRP Prices Under Pressure Amid Macroeconomic Uncertainty

XRP is facing a challenging market environment with macroeconomic headwinds affecting its price. The cryptocurrency's spot Exchange-Traded Funds (ETFs) have seen declining interest, with no activity since Friday. Institutional investors are reducing their exposure to XRP, contributing to the decline in retail demand.

The futures Open Interest has fallen to $2.29 billion, indicating reduced liquidity and new capital inflow into the market. This could be a sign of liquidation, as investors leave the market and overall demand for XRP declines.