XRP fails to break $2.73 as $1 Billion vanishes from Futures market – BitRss

• XRP faced bearish sentiment as the critical $2.73 resistance remained unbroken, frustrating traders.
• Futures Open Interest plunged $1 billion, exposing skepticism over XRP’s near-term recovery prospects.

XRP has been locked in a prolonged consolidation phase, hovering below critical resistance levels for over a month, with no signs of a breakout.

This lack of upward momentum has frustrated traders and eroded market confidence.

Recent data paints a bleak picture: In the last 48 hours, XRP Futures Open Interest has nosedived by over $1 billion, highlighting a sharp decline in investor conviction. What’s driving this dramatic shift in sentiment?

XRP Futures OI sheds $1 billion