⚈ The open interest decreased, indicating a decrease in speculative activity amid accumulation
⚈ XRP broke the downward trend on May 6, but the upward trend shows signs of vanishing already
The largest investors have seized XRP recovery in April and early May to land as a purchase mark, according to Data Finbold. recovery from Glassnode Wednesday.
In total, the whales accumulated of $ 1.8 billion of the distinctive symbol – that is, one billion of XRP at $ 2.14 – at the last 30 days, prompting some traders to ask whether part of the purchase constitutes an internal activity.
The performance of the cryptocurrency in 2025 was generally faded. It is only 1.17 % from the year to the date (YTD), but 35.71 % is less than its highest level of 3.31 dollars from January.
Likewise, the latest market activity does not provide great confidence in the fact that the total trend will change, as the distinctive symbol has proven its inability to maintain its upward momentum in late April and reject the level of $ 2.29 twice within a week.
Open XRP attention collapses despite the pressure of the purchase of whales
In addition, the FinBold reported earlier on May 7, the open XRP attention collapsed from its highest level from 1.52 billion to 1.37 billion, indicating a significant decrease in speculative betting, despite the activity of buying a large whale during the month of April and in the first week of this month.
However, the accumulation contrasts starkly with the direction and previous signs, at least, the confidence in the fact that the distinctive symbol can remain stable before the apostasy. The first two weeks of April was especially noticeable in terms of selling their holders, as the whales dropped 370 million XRP during the time frame, according to Finbold on the sixteenth day of the month.
XRP price hints and uncertainty
When examining the price of the distinctive symbol, there are some evidence that the purchase was in time as the cryptocurrency has broken the trend on May 6, and it has advanced, although with some indication that the upper trend will not last.
In total, XRP increased by 11.48 % in the last 30 days, a decrease of 0.52 % in the last 5 days, and 2.8 % higher than its last lowest level. However, again, it is 1.38 % in red since midnight at the price of the press time of $ 2.14.
Distinctive image via Shutterstock
