$XRP 1.41 +0.29% · XRP is up 40% in two weeks as open interest declines
【The debate】Trend-followers are bullish on the gains; skeptics point to the end of short covering and falling open interest.
【What are you watching?】Price, or derivatives positioning?
【A quick reminder】When open interest falls, short-term volatility can increase. It doesn’t automatically mean prices will drop.
If open interest bottoms out and rises tomorrow, how would the narrative change?
$XRP $BTC
#XRPIsUp40PercentInTwoWeeksAsOpenInterestDeclines
【The debate】Trend-followers are bullish on the gains; skeptics point to the end of short covering and falling open interest.
【What are you watching?】Price, or derivatives positioning?
【A quick reminder】When open interest falls, short-term volatility can increase. It doesn’t automatically mean prices will drop.
If open interest bottoms out and rises tomorrow, how would the narrative change?
$XRP $BTC
#XRPIsUp40PercentInTwoWeeksAsOpenInterestDeclines