Binance Open Interest Soars as XRP Reclaims $1.40 Zone

XRP has made a significant move back to the $1.40 mark, reaching a price level last seen in February as market momentum picks up.

This rally comes as trading activity and derivatives positioning point to growing interest in XRP.

Data from CryptoQuant shows Binance open interest surging to 263 million, even as XRP's price pushes sharply higher.

Xaif Crypto notes an 'increasingly interesting setup' for XRP, citing a divergence between perpetual futures cumulative volume delta and spot CVD, which could signal shifting market positioning and potentially larger price swings.