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XRP Price Prediction: Open Interest Crashes 8% – Can $1.20 Hold?
Feb 28, 2026
< 1 min read
by Parshwa Turakhiya
for CoinEdition
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- XRP breaks below $1.30 support as open interest crashes 8.49% to $2.15 billion.
- Volume jumps 11% to $5.07 billion, with $11.85 million in long liquidations.
- XRP ETF inflows reach $2.21M on February 27, in sharp contrast to Bitcoin’s and Ethereum’s.
XRP price today trades near $1.29, down 0.96% after breaking below the $1.30 psychological support that held for the past week. The move extends the correction as derivatives positioning collapses and spot outflows accelerate.
Open Interest Crashes
Open interest crashed 8.49% to $2.15 billion while volume surged 11.49% to $5.07 billion. The combination confirms forced liquidations rather than profit-taking.
Total liquidations hit $12.76 million, with longs accounting for $11.85 million. The long/short ratio on Binance sits at 2.24 for accounts and 2.46 for top traders, showing leverage remains…
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