All in on XRP! As OI hits an ATH and leverage hits the roof, what’s next?

Key Points

1. XRP's Open Interest (OI) in derivatives markets has hit an all-time high, surpassing $10 billion, indicating strong speculative activity and leveraged bets.

2. Funding Rates for XRP have spiked, reflecting aggressive long positions and market euphoria, but also signaling potential vulnerability to rapid reversals.

3. Liquidation clusters between $3.30 and $3.60 suggest key risk zones where sharp downward moves could trigger forced liquidations and increased volatility.

4. The combination of high OI and elevated Funding Rates makes XRP's market susceptible to rapid unwinding and downside volatility if sentiment shifts.