XRP has managed to hold its value above $1 following a significant reduction in open interest from the highs observed last year. This decline suggests a shift in market leverage.
In contrast, there has been a rise in both active addresses and ETF inflows, indicating increased interest and participation in the XRP network.
Despite these positive developments, XRP will need to reclaim the $1.10 level for a more definitive bullish trend to emerge in the charts.