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Large XRP holders capitalize on price drop as futures open interest reaches highest level in 10 months—what's behind the 6% decline?

MarketRead the original at benzinga.com
Good for XRP

Increased whale accumulation and network activity suggest strong support for XRP despite recent price decline.

XRP · Ripple Labs Inc.

AI read · Good for XRP

The AI's read

Whales, active addresses and futures open interest all rose while XRP lost about 6%. On-chain accumulation plus rising leverage looks like a setup for higher volatility. Market momentum is weak. RSI 37 and price near the 52-week low mean some of this may already be discounted, but OI at 2.67 billion XRP and 32 new million-XRP wallets are fresh buyer signals. We lean bullish because stronger hands appear to be absorbing selling and futures leverage shows conviction. Confidence 84%: catalyst is new and on-chain, but rising leverage raises whipsaw risk.

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