A sharp decline in open interest from last year's peaks has reset XRP's derivatives market, easing the excessive leverage that had amplified recent price swings. Despite the flush, XRP has managed to hold above the $1 level, supported by strengthening fundamentals. Active addresses on the network are climbing, and inflows into XRP-linked exchange-traded funds have risen, signaling renewed investor interest. Still, analysts caution that the technical outlook remains uncertain. XRP must reclaim the $1.10 resistance level before the chart pattern shifts more decisively in bulls' favor. Until then, the token sits in a consolidation zone, with improving on-chain metrics and institutional demand offering support on one side, and lingering caution over broader market conditions on the other. The combination of reduced leverage and growing network usage could set the stage for a more sustainable move if momentum continues.
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