XRP open interest down 29.7 percent, 360 long accounts per 100 short

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Two moves are running against each other in the XRP derivatives market: open interest has fallen almost 30 percent since September 22, while there are now 360 long accounts for every 100 short accounts. What the thin positioning means for the $1.29 level, and which leverage caps apply in Germany.XRP traded at $1.30 on Thursday morning, 4.6 percent lower than 24 hours earlier. Over seven days the loss comes to 6.8 percent, over 30 days to 7.4 percent. The daily low was $1.29, the daily high $1.38 (as of October 15, shortly before 7 a.m., data from CoinGecko). More telling than the price level is what is happening in the derivatives market: money is leaving it, and the accounts that remain lean to the buy side more heavily than at any time since mid-August. We collected the positioning data for this article ourselves, through the market data interface of the exchange OKX, retrieved on October 15. The data show a gap that has been widening for three weeks. If you trade XRP with lev...