XRP Open Interest Crashes to 14-Month Low—What This Could Mean for Price Action

The XRP open interest (OI) has now collapsed to a 14-month low, hitting levels XRP last witnessed when it traded below $1. This comes as the XRP price continues to slide to new lows, having recently collapsed to a new yearly floor of $1.8 amid a broader market collapse that has seen Bitcoin (BTC) drop to $86,000.

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