XRP Open Interest Compression Points to Broad Deleveraging Across Venues

A CryptoQuant-backed report finds open interest in XRP futures, measured in XRP units, has declined broadly across major exchanges over the same 30-day window; the publisher interprets the uniform contraction as deliberate deleveraging and a structural shift in trader positioning rather than an isolated exchange outflow ^[1].

The derivatives compression is occurring alongside spot-market weakness: CoinGape reports XRP trading near $1.40, down about 3% on the day and showing double-digit losses over the past week and month, and TheCoinRepublic warns that holders have entered a 'high-risk zone' and are selling at a loss ^[3][4].

Separately, an analyst told DailyCoin that retail investors could be 'priced out' of XRP at current levels, a cautionary note that coincides with the observed futures deleveraging reported by CryptoQuant ^[2][1].

Taken together, published reports indicate a phase of risk reduction in XRP markets characterized by compressed open interest in derivatives and weaker spot dynamics, reflecting traders' reassessment of directional exposure and retail-affordability concerns noted by market commentators ^[1][3][4][2].