XRP Open Interest Falls 70% to Yearly Lows: What Does it Mean for Ripple’s Price?

The total open interest (OI) for XRP futures across major crypto exchanges has plunged 70% from its peak five months ago, settling at $203 million on March 3, 2026. The sharp drop in unsettled contracts mirrors levels seen in April 2025, a period that immediately preceded a significant price rally for the digital asset, raising questions about whether the market is once again flushing out excess leverage. Open Intere…