XRP futures open interest has sharply declined by 59%, falling from 1.7 billion XRP to 0.7 billion XRP since early October, according to data from Glassnode. This significant drop indicates a marked reduction in speculative trading activity. Additionally, funding rates for XRP futures have decreased from approximately 0.01% to 0.001%, further highlighting a cooling in speculative appetite. The data suggests a structural pause in market speculation, reflecting broader trends in the cryptocurrency derivatives market.