PANews reported on June 3 that according to CoinDesk, the current price of XRP is about $2.20, and the open interest has surged to nearly $5 billion, indicating a high level of speculative sentiment in the market. Bitget analysts pointed out that XRP is currently in a narrow range of fluctuations. If a catalyst appears, it may trigger a rapid rise and trigger short covering. However, if market sentiment weakens, high leverage may also trigger large-scale forced liquidation.