Data suggests that the XRP Open Interest on the Cryptocurrency Exchanges Binenns has recently seen a significant decline, a sign traders reposing.
XRP binance open interest has fallen by $ 1.1 billion
As reported by an analyst in the Cryptoctive Quicktech Post, XRP traders on Benance have recently discontinued the posts of Futures Market. Here is the indicator of relevance “open interest”, which measures the total amount of derivatives related to XRP which are currently open on a given exchange.
When the value of the metric increases, it means that users are installing new spaces on the platform. Generally, the total leverage in the sector increases when the new positions are popped, so such a trend may cause property price to behave in a more unstable manner.
On the other hand, indicators observing a decline suggest that traders are either closing the positions of their own will or forcibly liquid by the exchange. Due to low leverage, cryptocurrency may be more stable after such a trend.
Now, here is a chart that shows the trend in the XRP Open Interest for the largest digital asset exchange by trading volume, Benance:
Looks like the value of the metric has gone down over the last few months | Source: CryptoQuant
As displayed in the above graph, the XRP Benance Open Interest saw a sharp increase in the end of 2024 and early 2025, meaning that the increase in price was accompanied by a wave of speculative status from investors.
As the speed became cold, there was a large -scale liquidation and investors began to pull back to their positions, making a plot into the indicator. From the chart, it appears that the metric remained in its climb until the rally in July.
This price hike was once again with a burst of speculative interest in the XRP market, but the open interest spike only went abbreviated as a more brief event.
At its peak in July, the metric hit a $ 1.76 billion mark, but today, it has decreased by $ 1.1 billion, leading to a significant decline of more than 37%. However, while the dradown is standing, the current value of the indicator is still higher than in the past.
“Stabilization of OI near $ 1.1 billion after peak, with a decline of value from its high level, indicates,” Quant explains, “quant. “Leverage posts remain in the market, but at the lower level compared to the summit of July/August.”
Where the XRP Open Interest Heads can be interesting to see further, as it can have a direct impact on the market stability. For example, a boom from here without a price rally will make traders more weak for a long squeeze.
XRP price
The XRP has enjoyed a price jump of more than 3.5% in the last 24 hours, which has taken it to a level of $ 2.93.
The price of the coin appears to have been rising recently | Source: XRPUSDT on TradingView
Specially displayed image from Dall-E, Cryptoquant.com, TardingView.com
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