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Ripple News: XRP Just Lost $457 Million in Open Interest, and Analysts Say It Is a Bullish Sign

coinpedia.org 1 h

Analytics

Story Highlights

$XRP’s derivatives market is resetting as extreme leverage fades, leaving a cleaner structure with buyers slightly gaining control after months of selling pressure.

With support near $1.30 and resistance at $1.45–$1.50, a breakout above $1.50 could signal the start of a broader $XRP price recovery.

$XRP is trading around $1.42, with over 61 billion tokens in circulation and daily trading volume holding above $2.3 billion. After months of turbulence, the price has finally settled into a relatively calm range.

Analysts at CryptoQuant say the real story right now is in the derivatives market. The extreme leverage that fuelled $XRP’s 2025 rally has been largely wiped out, and the market is now going through a quiet but meaningful reset. Overleveraged positions have been flushed, speculative excess has cooled, and what remains is a cleaner market structure.

Buyers Slowly Setting Foot

A March 12 report reveals a subtle shift in $XRP futures activity. Data from Binance shows that aggressive buy orders totaled around 516.4 million $XRP over the past 90 days.

During the same period, sell orders reached roughly 513.1 million $XRP, creating a net taker delta of about 3.36 million $XRP.

While the difference is relatively small, analysts interpret it as a meaningful indicator that buyers are beginning to regain control of market orders. For months, selling pressure dominated $XRP’s derivatives market, but the latest data suggests that bear scenarios may be gradually fading.

$XRP Open Interest Gives a Cleaner Market Structure

Another development involves $XRP futures open interest, a metric that tracks the total value of active derivative contracts.

According to derivatives data, open interest previously peaked near $660 million in October 2025, but has since dropped to around $203 million by early March 2026.

This sharp decline indicates that a large portion of speculative leverage has already been flushed from the market. Historically, such resets are seen as a healthy development because it removes excessive risk and reduce the chances of sudden liquidation-driven price swings.

In simple terms, the market now appears “cleaner,” with fewer highly leveraged traders influencing price movements.

$XRP Current Market Snapshot

Technically, $XRP continues to trade within a broader correction that started after its previous peak near $3.50.

Support: around $1.30–$1.33
Immediate resistance: near $1.45
Breakout confirmation: above $1.50

If $XRP manages to reclaim the $1.50 level, it could be the start of a broader recovery phase. For now, however, the focus remains on whether the improved derivatives data can translate into sustained buying pressure in the spot market.