XRP Futures Open Interest Hits 9-Month High Above $600M on Binance
- —XRP open interest on Binance nears $600M, a 9-month high
- —Yearly OI peak of $691M was set on Jan. 5
- —XRP has gained about 65% in a month, from $1 to $1.65
- —Funding rate remains slightly positive at 0.0001%
Why it matters: Rising OI and positive funding support the rally, but the build-up in leverage raises the risk of a liquidation cascade on any pullback.
Source: The Crypto Basic