XRP News: OSL HK Opens Retail Trading as XRP Price Rises, OI Falls

Key Insights:

• Latest XRP news shows that OSL Hong Kong has opened retail XRP trading, giving local users access to XRP with USD and HKD trading pairs.
• XRP price has moved up even as open interest has dropped, showing many short traders are leaving the market.
• Some analysts believe Ripple Coin still looks weak on higher timeframes despite the latest price gain.

XRP news is back in focus after OSL Hong Kong opened retail XRP price trading on July 29. The launch gives everyday investors in Hong Kong a regulated way to buy and sell the token. At the same time, XRP price has moved higher even though open interest has fallen, while some traders still believe Ripple Coin looks weak on the bigger charts.

XRP News: OSL HK Opens Retail XRP Trading

OSL Digital Securities has opened retail XRP trading in Hong Kong, becoming the first platform licensed by the Securities and Futures Commission (SFC) to offer direct spot trading for everyday investors.

The company announced that users can trade XRP/USD via Flash Trade, while XRP/USD and XRP/HKD are available through its over-the-counter (OTC) service. All trades are settled on the XRP Ledger.

This is the first time retail investors in Hong Kong have been able to buy Ripple Coin on the platform. Until now, XRP trading on OSL was available only to professional investors. That changed with the latest launch.

The new XRP/HKD pair is also important because it lets users trade with the Hong Kong dollar instead of moving money to overseas exchanges first.

With this listing, XRP joins Bitcoin, Ethereum, and Solana as the only digital assets approved for retail trading on OSL. The company operates under SFC licenses and is also registered under Hong Kong’s anti-money laundering rules.

The listing comes as Hong Kong continues to support regulated digital asset services. While lawmakers in the United States are still working on crypto rules, Hong Kong has continued to add licensed products for retail users.

XRP Price Rises While Open Interest Drops

The latest move in XRP price has raised questions because open interest has moved in the opposite direction. CW, a CryptoQuant verified author and analyst, said open interest is falling even as the price goes up. According to the analyst, this shows that many short traders are closing their positions after the recent price increase.

When traders who expected lower prices close their positions, the market can continue moving higher without a rise in open interest. That is different from a rally driven by new futures buying.

For now, the data points to short sellers leaving the market instead of a large wave of fresh positions being opened. This does not automatically mean the price will turn lower. It only shows that the recent move has been supported by traders closing losing positions rather than strong growth in futures activity.

XRP Price Still Looks Weak on Bigger Charts

Even with the latest gains, not everyone believes the market has turned around. Crypto Influencer Carl Hawley posted on X that XRP price still looks weak on the higher timeframes. Carl shared a chart that showed XRP is more oversold than it was during the 2020 market crash and remains about 72% below its all-time high.

Per the XRP news, Hawley said the market may be close to an important point. The current setup could mean sellers are finally giving up, or it could become the start of a stronger recovery. He added that the next few weeks should give a clearer picture.

For now, Ripple Coin has received fresh support from its new retail listing in Hong Kong. The regulated launch gives more people access to the asset through a licensed exchange, but traders will also keep watching price action and open interest. If buying continues and market activity improves, confidence could grow. If not, many traders may wait for stronger signs before expecting a bigger move.

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