The price of XRP has experienced significant volatility, dropping from a 24-hour high of $2.72 to a low of $2.361. This decrease in price also led to a 12% decline in XRP Futures Open Interest. However, XRP OI is now showing signs of recovery, with traders committing over 1.6 billion XRP overall. XRP is currently down 4.56% to $2.57, with a trading volume of over $34 billion. The closure of the South Korean market due to martial law declarations impacted XRP's price, causing a forced reset. Futures traders and XRP whales are working to sustain sentiment in the market. Additionally, upgrades to the XRP Ledger protocol and the upcoming launch of the RLUSD stablecoin by Ripple Labs are expected to drive demand for XRP and provide more liquidity. The firm is also in the process of securing a New York license that could further support the launch of the stablecoin.



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