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XRP Stalls Near $1.05 – Can the New XRPL Upgrade Bring Buyers?
XRP's price stayed around $1.05 while Binance's open interest in XRP derivatives fell to about $186 million, the lowest level since April 2025.
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What happened
XRP’s price stayed around $1.05 while Binance’s open interest in XRP derivatives fell to about $186 million, the lowest level since April 2025.
Confirmed
Global impact / market context
A flat price suggests limited buying pressure, and the drop in open interest shows fewer traders are holding positions, which can signal reduced market enthusiasm for XRP.
Analyst inference
The decline in open interest points to a lighter derivatives market, meaning less speculative activity that could otherwise boost XRP’s price movements.
Analyst inference
What to watch
- Whether the upcoming XRPL (XRP Ledger) upgrade attracts new buyers, potentially increasing demand and price. Proposed
- Changes in Binance’s open interest levels, as rising interest could indicate growing trader confidence in XRP. Proposed
- Broader crypto market sentiment, since a rebound in overall market risk appetite often lifts XRP alongside other assets. Analyst inference
Affected assets
- LIT — Lighter
- XRP — XRP