Overview
- Futures bets on Binance shrank to about $372.6 million, the lowest since 2024, in what CryptoQuant data shows is a sweeping pullback in open interest that points to traders closing positions rather than adding new ones.
- Price sits in a tight band near $1.36 to $1.46, with NewsBTC noting a brief push to $1.4650 that faded, which underscores a stalled rebound below stronger ceilings near $1.54 to $1.60.
- Activity on the XRP Ledger fell sharply as active addresses dropped by more than 40% in a few days, a sign that fewer users are sending transactions and short‑term demand has cooled.
- Smaller XRP holders continue to grow in number even as usage slows, which spreads ownership more widely but does not, by itself, lift price without stronger network activity.
- Analysts flag key lines to watch, with Bitcoinist citing $1.34 to $1.36 as near‑term support and warning that a clean break below $1.20 could invite tests near $0.75, a risk that follows a larger reset from mid‑2025 when open interest topped $1.7 billion during a rally above $3.