XRP Open Interest Drops 65% as Bulls Eye $3 Price Target

The XRP open interest has significantly decreased by over 65%, from an all-time high of $10.9 billion in July to the current $3.75 billion. This decline correlates with market sell-offs and could signal a potential recovery opportunity for XRP, as liquidity is expected to return following changes in US Federal Reserve policies.

Historical data suggests that similar open interest resets have resulted in price increases for XRP.
XRP open interest previously reached all-time highs after similar resets, pushing prices to seven-year peaks.
The present low in open interest might lead to another price increase if past trends hold.
Market liquidity improvements could contribute to a bullish trend.

While the current scenario mirrors past patterns that led to price surges, the future movement depends on sustained market interest and external economic factors. If the pattern continues, XRP could experience a rally, potentially surpassing $3 again.