XRP Holds Firm at $1.08 While Open Interest Slips

XRP is trading steady near the $1.08 mark. At the same time, futures open interest across major exchanges like Binance, Bybit, OKX, and Kraken has dropped back to where it sat right before the late 2024 price surge. This pullback in open interest means that a lot of leveraged trading positions have left the market.

Market watchers often view a drop in open interest as a cooling off period after a busy run. Unlike the much higher open interest numbers recorded back in January and July 2025, current readings point to a much quieter derivative market. Traders are stepping back from heavy borrowing, which can sometimes lead to less volatile price swings in the short term.

For now, the big question is whether buyers can step in and build a base at this price level without high leverage driving the action. Traders will be watching exchange data closely to see if open interest starts to climb again or if the market stays calm in the days ahead.