Binance Sees 32% Drop in XRP Open Interest Amid Price Decline

XRP open interest on Binance has dropped by 32% since August 22 to September 17, signaling significant deleveraging in the derivatives market. During this period, XRP's price declined by about 11%, showing that derivatives exposure shrank much faster than the price.

The reduction in leveraged exposure may help stabilize the market, while ongoing institutional interest and regulatory developments continue to shape XRP's outlook.

Despite the recent drop in open interest on Binance, Pluang data shows a majority of sell orders at 67%, with a typical hold time of 71 days for XRP investors.