XRP open interest drops 29.7% as long accounts outnumber shorts 3.6 to 1
- —XRP at $1.30: down 4.6% in 24 hours, 6.8% weekly, 7.4% monthly
- —OKX open interest fell from 150.4 million to 105.7 million XRP in three weeks
- —Long-to-short account ratio hit 3.60, highest since August 17
- —Volume-weighted ratio near 0.80 favors the short side, per CoinGlass
Why it matters: Thin derivatives liquidity with one-sided account positioning raises the risk of a liquidation cascade if $1.29 breaks.
Source: CryptoTicker