Crypto
Binance XRP Open Interest Hits Lowest Level in Two Years
Binance XRP Open Interest Falls to Lowest Level Since 2024
According to CryptoQuant analysts, Binance XRP open interest has dropped to its lowest level since 2024, reaching approximately $369.6 million.
This decline follows the Federal Reserve's latest monetary policy decision, which has encouraged traders to reduce risk exposure across crypto markets.
The chart suggests that each major rally in XRP over the past two years coincided with rising open interest as traders increased leverage.
However, the current environment is the opposite, with falling open interest indicating a decrease in leveraged positions and a reduction in speculative momentum.