Open interest in XRP futures has remained elevated at $8.8 billion despite a significant 15% price correction from $3.66, reflecting traders’ continued commitment to leveraged positions amid market uncertainty.
Onchain activity on the XRP Ledger remains notably subdued, with only $134 million in tokenized assets and minimal decentralized finance adoption. This fundamental weakness limits potential bullish momentum despite ongoing ETF speculation.
Market sentiment appears decidedly neutral, with XRP futures trading at a 6% to 8% premium over spot prices. The recent price decline coincided with a $2.4 billion reduction in futures open interest, though positions remain 48% higher in XRP terms compared to last month.
Decentralized exchange activity fails to position the XRP Ledger among the top 50 blockchains, trailing platforms like Sui and Avalanche in adoption. This technical lag highlights ecosystem challenges even as ETF optimism persists.