Binance XRP Open Interest Hits Lowest Level Since 2024 Amid Credit Leverage Decline
The open interest in Binance XRP has dropped to its lowest level since 2024 due to a rapid decline in credit leverage.
This decrease in credit leverage is reducing the risk of liquidation, but it also signals a cautious attitude from traders in August.
Analysts believe that an increase in open interest with price can confirm a bullish impulse in XRP.