XRP derivatives open interest soared by over 80% within a four-hour window, according to market data. This surge comes after a period of declining activity and leverage, as traders initiated new leveraged positions. The significant increase in open interest, coupled with a slight uptick in XRP's price, indicates a potential shift in market dynamics. Analysts suggest that if XRP breaches resistance levels, short sellers could face a squeeze, while a reversal might trigger sharper declines due to heightened leverage.