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#XRP Ledger – Market Update
Open Interest across all exchanges has retraced to $2.39B while XRP price consolidates around $2.8.
This comes after July’s sharp rally that briefly pushed price near $3.6, followed by a steady reduction in both price and open interest.
This cooling phase typically signals:
🔹 Leverage has been flushed out.
🔹 Market participants are repositioning after profit-taking.
If open interest holds near these levels and price continues to defend the $2.7–$2.8 range, it could lay the groundwork for the next sustained move.