XRP Deleveraging Signal Flashes As Open Interest Sinks To $445 Million

XRP Open Interest Drops 28% on Binance: Cryptoquant Hints at Recovery

The post XRP Open Interest Drops 28% on Binance: Cryptoquant Hints at Recovery appeared first on Coinpedia Fintech News After falling more than 25% over the past three months, XRP’s derivatives market is showing signs of a possible recovery, with open interest on Binance dropping 28% since September 22. Meanwhile, Santiment data shows that large wallets now hold 46.87 billion XRP, equal to 68.48% of the token supply tracked by the platform.  Tra…

XRP Deleveraging Signal Flashes As Open Interest Sinks To $445 Million

The post XRP Deleveraging Signal Flashes As Open Interest Sinks To $445 Million appeared first on Coinpedia Fintech News XRP’s last two leverage flushes on Binance were followed by sharp rebounds, with a 72% gain after mid-August and a 32% climb after mid-September. A similar setup is now forming. Open interest in XRP futures on the exchange has fallen to $445 million, below its 180-day average of about $460 million, according to on-chain resear…