XRP Slides as Spot Volume Drops $1.94B and Open Interest Hits 3-Week Low
- —XRP spot volume on Binance fell from 597 million on August 26 to 168 million on October 11
- —Volume on other exchanges dropped from 2 billion to 485.8 million, a decline of 1.514 billion
- —Open interest fell from 2.38 billion on October 8 to 2.19 billion on October 11
- —XRP ETFs recorded $11.31 million in inflows in the week ending October 9
Why it matters: Falling volumes and open interest signal fading speculative interest; a break below $1.34 support could accelerate the selloff.
Source: CoinGape