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XRP is fluctuating narrowly, signs of institutional selling are evident, and the futures open interest is approaching 9 billion USD.
[Coin World] XRP is trading in a narrow range between $2.78 and $2.85, concealing signs of institutional dumping as exchange reserves hit a nine-month high, with 440 million XRP distributed over the past 30 days. Futures open interest is close to $9 billion, highlighting leverage risks. Long positions are holding the support level at $2.78, but repeated pullbacks at $2.85 are limiting the rise, with a breakout above this level potentially targeting $2.90 to $3.00.