Crypto Scenario Insights
What happened
XRP's total derivatives open interest, at $2.36 billion, is more than six times its daily spot volume. A notable shift in stablecoin-margined open interest from Binance to Bybit has concentrated leverage, raising concern…
What we think
The most likely outcome for XRP in the near term is continued price volatility around the $1.00-$1.04 range, with a high probability of testing the $1.00 support.
Read the analysis
XRP: Does Concentrated Leverage at Bybit Threaten the $1.00 Support Level?
We explain what happened and what could follow. We do not forecast prices.