XRP's recent price dip to below $1.40 has led many to believe that the altcoin is struggling to maintain momentum. However, data from CoinCodex reveals that despite this decline, traders are quietly increasing their exposure to XRP, anticipating a potential rebound.
This divergence between falling prices and rising open interest suggests that traders are not retreating with the pullback but instead are adding new positions, shifting expectations upward. This hidden strength beneath the surface is a crucial factor in determining the altcoin's long-term prospects.
While a surge in derivatives activity typically signals a retreat, this scenario seems to be playing out in reverse for XRP. The growing skew toward longs indicates that traders are not only holding onto their positions but also increasing exposure, which could lead to a sharp rebound if conditions stabilize.