XRP risks further dip as Open Interests decline: check forecast

XRP in a field of red [https://invezz.com/wp-content/uploads/2025/09/20250901_084058_0v9GU.png] The cryptocurrency market ended August bearish, with Bitcoin dropping to the $107k level a few hours ago. While it has slightly bounced back, the market sentiment remains bearish and could record further sell-off in the coming hours and days. XRP FAILS TO DEFEND THE $2.79 SUPPORT LEVEL XRP, the native coin of the Ripple ecosystem, has been underperforming over the past few days. The coin is down 3% in the last 24 hours and dropped to the $2.71 level a few hours ago. The decline means that XRP has failed to defend the $2.79 support level and could face further bearish movement over the next few hours or days. The bearish performance comes as Bitcoin, Ether, and other leading cryptocurrencies underperform. While XRP has slightly recovered and now trades at $2.80 per coin, the market sentiment remains bearish, and the coin could face further selling pressure. XRP’s dip can be attributed to several factors, including a risk-off sentiment in the broader cryptocurrency market. The risk-off sentiment in crypto assets comes as traders look…