XRP open interest on Binance returns to pre-CLARITY Act vote level
- —Open interest rose to 307.7 million XRP versus 304.4 million before the vote
- —In dollar terms, positions are still smaller: $414.7 million versus $427.6 million before the vote
- —About 52% of XRP futures accounts on Binance hold longs
- —Franklin's XRPZ ETF attracted $3.5 million, while $520 million was withdrawn from BTC and ETH funds
Why it matters: Rising open interest signals a return of speculative appetite, but the dollar value of positions is lower, so sustainability depends on holding the $1.28 support.
Source: DiarioBitcoin