Crypto
Ripple's Price Surge Fuels $276M XRP Open Interest Spike
XRP's price has surged more than 70% since its late-August lows, and Binance open interest has recorded its strongest growth since August 2025.
The value of outstanding futures positions on Binance for XRP rose from around $210 million on September 16 to $276.5 million by September 27, a 32% increase.
CryptoQuant analyst Darkfost noted that XRP's average monthly open interest growth on Binance has reached nearly 1.3%, its strongest increase since August 2025.
Despite the price increase, aggressive sellers remained dominant even while XRP moved higher, with the perpetual cumulative volume delta deteriorating from around -1 billion to -1.29 billion between September 16 and September 27.