$XRP positioning is getting interesting ahead of CPI
XRP open interest has reportedly climbed to around 2.67B XRP from 2.25B at the start of August
That doesn’t tell us whether bulls or bears are right
It tells us that more leverage is now sitting in the market
If CPI surprises, that leverage could amplify the move in either direction
The key signal won’t be the CPI headline itself
It will be how XRP reacts after the data
Does the market absorb the volatility or does leverage start getting flushed?
What are you watching first — price action or open interest?
#XRP #crypto #cpi
XRP open interest has reportedly climbed to around 2.67B XRP from 2.25B at the start of August
That doesn’t tell us whether bulls or bears are right
It tells us that more leverage is now sitting in the market
If CPI surprises, that leverage could amplify the move in either direction
The key signal won’t be the CPI headline itself
It will be how XRP reacts after the data
Does the market absorb the volatility or does leverage start getting flushed?
What are you watching first — price action or open interest?
#XRP #crypto #cpi