Markets· ★★★· neutral·

XRP Open Interest on Binance Drops 32% Since August 22

  • —XRP open interest on Binance fell from $323M to $219M over 26 days
  • —XRP NVT dropped 69.28% to 36.97
  • —US spot XRP ETFs drew $121.4M in September but saw $3.28M outflow on October 2
  • —On September 22, with XRP above $1.60, 1,917 large transactions and 3,647 new wallets were recorded
Why it matters: The OI decline signals deleveraging in derivatives, but without stronger spot demand and volumes, a sustained XRP recovery remains unconfirmed.
#XRP
Source: TokenPost
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