Crypto
Binance XRP Open Interest Falls as Price Holds Gains
XRP's open interest on Binance fell by 15.35% from its six-month high of $616.1 million to $521.5 million, according to data from CryptoQuant analyst CryptoOnchain.
The price of XRP retained most of its recent gains, closing at $1.490, only 5.2% below its six-month high close of $1.572.
CryptoOnchain noted that the reduction in open interest began roughly six days after the September 16 Federal Open Market Committee rate decision and continued through the quarter-end on September 30.