Traders are clearly nervous after XRP corrected by 54%, and the futures open interest premium flipped negative.
Source: https://cointelegraph.com/news/who-s-bullish-now-xrp-below-1-futures-open-interest-down-by-75
Who’s bullish now? XRP below $1, futures open interest down by 75%
May 25, 2021
CoinTelegraph