XRP Open Interest on Binance Falls 28% Since September 22
- —XRP open interest on Binance is down 28% since Sept 22 as price fell 17% to $1.30
- —Open interest near $445M sits below the 180-day average of about $460M
- —Large wallets hold 46.87 billion XRP, or 68.48% of tracked supply
- —A similar deleveraging in September preceded a 32% XRP rally
Why it matters: Lower leverage cuts forced-liquidation risk; traders are watching the $1.30 level for signs of a recovery.
Source: Coinpedia