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XRP's open interest and market cap drop signals weak demand and slow recovery ahead.

Market News
10 Jul 2026
AMBCrypto
View Source
Bearish
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XRP has seen a significant drop in open interest (OI) from over $1 billion in May to around $773.5 million, indicating reduced trader activity and lower demand. Binance's XRP reserves also fell, suggesting less selling pressure but no strong buying interest. Whale activity remains low, reducing the risk of large sell-offs, but the elevated NVT ratio and declining market cap around $10.89 billion show network activity and demand are still weak. For XRP to recover, it needs stabilized OI, renewed capital inflows, and increased on-chain activity, as current conditions suggest limited support and no clear bullish reversal yet.

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