As the extreme leverage effects from the 2025 bull run expectations gradually fade, the XRP derivatives market is experiencing a reset with increasingly clear structure, with buyers holding a slight edge after enduring months of selling pressure. XRP is currently trading near $1.42, with resistance levels between $1.45 and $1.50; a break above $1.50 could signal a broader recovery. Data shows that XRP's net positive trading volume over recent months is approximately 3.36 million contracts, while open interest has declined significantly from $660 million to approximately $203 million, indicating reduced speculative risk.