Binance XRP open interest falls 15.3% from six-month high
Image: The Crypto BasicOpen interest in XRP perpetuals on Binance fell 15.3% from a six-month high, according to CryptoQuant data. XRP's price slipped about 5% over the same stretch while leverage and long positioning cooled. Long liquidations after the price peak averaged $3.72 million per day. Open interest had rebounded in September before reaching its peak. Binance's XRP reserve averaged around 2.68 billion XRP over the latest seven days.
Key points
- Binance XRP open interest fell 15.3% from a six-month high, based on CryptoQuant data.
- Leverage and long positioning on Binance XRP perpetuals cooled while price held most of its recent gains.
- Open interest rebounded in September toward a six-month peak before falling back.
Why it matters
Fewer leveraged positions remain open on Binance, and funding and the leverage ratio have fallen from their peaks. Leverage is still above its six-month average, with Binance XRP reserves above their 90-day baseline.
What's unclear
Whether XRP's next move is higher or lower is not established by the current derivatives data.
Binance inflow readings were missing on four of the latest 14 days, so weekly exchange flow comparisons were excluded.
Price context · XRP
At publication
$1.49
Now
$1.29
Change since
−13.42%
7 days
Sources · 2 publishers
The Crypto Basic
Tier 2
XRP Binance Open Interest Falls 15.3% as Traders Cut Leverage While Price Holds
Coverage timeline
- First reported by Crypto Briefing
- Also reported by The Crypto Basic
- CryptoVideos brief published
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NEAR
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