XRP trading volume and futures open interest decline amid choppy market moves
Image: CoinGapeXRP price faces a drop as spot trading volumes decline significantly across exchanges. Open interest in XRP futures also fell to a three-week low. Meanwhile, XRP climbed back above $1.40 after bouncing from support at $1.34. The price recently dropped following a bug detected on the XRP Ledger. Analyst Amr Taha notes that falling spot volumes reduced Binance's spot-to-futures volume ratio. XRP ETFs recorded $11.31 million in inflows in the week ending October 9.
Key points
- XRP spot trading volumes decreased over recent weeks.
- Open interest in XRP futures fell to a three-week low.
- The price bounced from support at $1.34.
Why it matters
Changes in spot trading volumes and futures open interest indicate shifting market activity levels for XRP as traders monitor key price support and resistance zones.
Price context · XRP
At publication
$1.37
Now
$1.38
Change since
+0.73%
7 days · dashed line = publication
Sources · 2 publishers
Coinpedia
Tier 3
Will XRP Price Go Up This Week? Falling Open Interest Could Set Up Next Big Move
Coverage timeline
- First reported by CoinGape
- Confirmed by Coinpedia
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
