⚈ Open interest dropped, signals speculative activity in the middle of accumulation
⚈ XRP broke down on May 6, but uptrend already shows signs of decline
Larger investors have taken the XRP April recovery and the signpost to be bought in early May obtained from Glasses Wednesday.
In total, whales have accumulated $ 1.8 billion – about a billion XRP press time at $ 2.14 – in the last 30 days, which makes some merchants doubt whether some of the purchases make up for internal activities.
Cryptocurrency performance in 2025 has generally been deficient. This is only 1.17% per year (YTD), but from January 35.71% is $ 3.31 lower.
Similarly, the latest market activity does not provide much confidence that the overall trend is changing because the symbol could not maintain its upset at the end of April and rejected $ 2.29 twice.
XRP Open Interest collapses despite whales purchase pressure
In addition, as Finbold previously announced, the XRP has an open interest to the recent 1.52 billion – from 1.37 billion, which shows a significant decline in speculative betting, despite the significant whale activity until April and the first week of the current month.
However, the accumulation is in sharp contrast with the previous trend and signals, at least with the confidence that the symbol may remain stable before the setback. The first two weeks of April were particularly noteworthy when the whales were sold, as the whales loaded 370 million XRPs over time, as Finbold announced on the sixteenth day of the month.
XRP price tips and continued uncertainty
When examining the price of the badge, there is a certain sign that the purchase has been timely because the cryptocurrency crushed the decline in the dominance on May 6 and has developed, albeit with some of the readings that the rise does not last.
In total, the XRP has increased by 11.48% over the last 30 days, 0.52% and 2.8% over the last 5 days. But again, it is $ 1.38%since midnight at the price of its journalism.
Highlighted image via Shutterstock
