XRP Interest Heats Up Despite Persistent Selling Pressure

XRP is seeing a comeback in derivatives activity following a significant drop in open interest toward the end of August. Open interest, which tracks the total number of outstanding futures contracts, jumped back into positive territory after plummeting by 27 percent on August 29. This recovery suggests that traders are returning to the market to take positions on the asset again.

Despite this uptick in activity, the broader market sentiment remains guarded. Data shows that aggressive selling continues across both spot and perpetual markets. Analysts point to a peculiar market structure where bearish positioning remains quite high even while the price of XRP shows surprising stability.

This trend is worth watching as the market tries to find a clear direction. While the increase in open interest usually signals higher participation, the ongoing selling pressure suggests that many market participants are still betting against a quick rally. Keep an eye on how these futures positions resolve over the coming week as it could signal a major move for the token.