📉Alert: $XRP's 70% OI Wipeout Is the Setup — Not the Problem

Open interest on $XRP has collapsed over 70% from its peak (from ~$660M down to ~$203M). Leverage ratio has plunged from 0.59 all the way to 0.13.

The speculative froth? Completely cleared out.

This is exactly the kind of reset that smart money watches for.

While leveraged traders panic and exit, spot CVD is turning positive — real buyers are stepping in with conviction. Perpetual CVD remains deeply negative (around -1.9B), confirming that the deleveraging is still dominated by perps, not organic spot demand fading.

Spot volume at $2.3B versus futures at $3.2B — the ratio is compressing fast toward spot dominance. That's when clean breakouts often form.

$XRP isn't weak.

It's quietly loading for the next leg.

Verdict: Accumulation phase in full swing. A spot-driven structure is building.

The leveraged crowd got flushed. The patient capital is positioning.

#XRP #Crypto #Accumulation #OnChain #SmartMoney