Binance XRP Futures Open Interest Rebounds Above Pre‑CLARITY Levels

Binance’s XRP futures open interest climbed back above the level recorded before the Senate’s vote on the CLARITY Act, indicating renewed trader exposure despite the token remaining well below its all‑time high.

Open Interest Movement

Open interest fell to a low of 285.2 million contracts on September 17 after the CLARITY vote, then rose to 307.7 million contracts by 04:00 UTC on September 18. This represents a modest rebound of about 1 % over the pre‑vote level of 304.4 million contracts.

Price Context

During the same period XRP traded around $1.33, up roughly 3 % in 24 hours, while still sitting about 65 % below its historical peak. Bitcoin rose from approximately $76,400 to $77,800, and Ether showed similar strength.

Trader Positioning

• About 52 % of Binance XRP futures accounts are long.
• Analysts cite $1.28 as a key support level, with $1.05 as a secondary stop.
• The $1.23‑$1.30 range is described as a “bull market support band.”

Institutional Flow

Franklin’s XRPZ ETF recorded inflows of $3.5 million on September 16, while Bitcoin and Ether ETFs together saw outflows of $520 million following a Federal Reserve rate hike.

Implications

The rise in open interest suggests that traders are willing to maintain leveraged positions in XRP futures despite recent regulatory uncertainty, though the dollar value of those positions fell from $427.6 million to $414.7 million due to the lower XRP price.