- Futures contract open interest in XRP dropped drastically by 59%, falling from 1.7 billion to 0.7 billion token.
- Funding rates decreased substantially from 0.01% to 0.001% due to decreased leveraged speculative trades.
- XRP is trading at $2.05, and it may range above $2.15, possibly targeting $2.46 resistance.
XRP futures are showing a significant slowdown as open interest dropped 59%. Analysts suggest this reflects a cautious pause in speculative activity, with the market consolidating around $2.18 and institutional interest from new ETFs adding cautious optimism.
XRP futures have seen a sharp decline in open interest, falling 59% from 1.7 billion to 0.7 billion token since early October, according to a recent post by Cointelegraph. Also, the funding rates for the futures contracts reduced substantially, from 0.01% to 0.001%.
Data provided by Glassnode indicates that this is due to a structural pause in the token futures markets. It is suggested that this can be seen as a less speculative action within markets and that this leads to a period of consolidation before any potential breakout.
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XRP Derivatives Show Major Leverage Unwinding
In its analysis, Glassnode points out that the unwinding of leverage in the derivatives markets for XRP is substantial. The open interest in futures contracts has declined from 1.7 billion XRP to 0.7 billion XRP since the early days of October. This analysis comes at a time when it appears that token had difficulty sustaining itself above the level of $3 in early October, settling at the level of $2.19.
Although it remained cautious in the derivative market, some short-term indications of a possible rally are seen on the charts. Crypto analyst MarzellCrypto inspections detected that a bullish flag had formed on the 4-hour chart, due to the green Supertrend and the breakout above the 23.6% Fibonacci level of around $2.11. It may aim for the 50% FIB level of $2.46 and further rise to $3.
In addition, renewed institutional interest may contribute to further supporting the market. In terms of the launch of investment products, the Grayscale XRP ETF and Franklin XRP ETF on November 25 attracted the first-day inflow of $164 million.
As of December 1, 2025, token is quoted at $2.05, down 7.28% in the 24 hours, yet despite the more-than-cautious market sentiment indicated by the Fear & Greed Index of 25, some analysts believe that any further consolidation above the level of $2.15 may be followed by a potential breakout if the resistance level at $2.20–$2.30 is recaptured.
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