Binance XRP Open Interest Falls 15.3% Amid Slightly Dull Price Activity

XRP's open interest on Binance has dropped by 15.3% from its six-month high, according to CryptoQuant.

This decrease in open interest indicates that traders are closing their leveraged positions, either voluntarily or due to forced liquidation.

The drop occurred over a period of late September, with XRP's price falling by about 5% during the same time frame.

In dollar terms, Binance XRP perpetuals' open interest fell from approximately $600 million in mid-September to around $485 million on October 1st, 2026.