Ripple (XRP) trades slightly in the red on Thursday following a drastic extension of a drop from its record high of $3.66. The cross-border money remittance token tested support at $2.95, before recovering to exchange hands at $3.15 at the time of writing. The derivatives market reflects the price decline, with the futures Open Interest (OI) making a sharp reversal below the $10 billion mark. Leveraged investors counted losses over the past 24 hours as liquidations surged almost tagging $100 million. XRP is facing a drastic change in market sentiment, evidenced by the drop in futures contract OI from a July peak of ... (full story)