XRP Futures Open Interest Drops 21% Amid Binance Dominance

The XRP futures market has seen a significant decline in open interest, dropping from $1.14 billion in May to $897 million as of August 4.

Binance dominates XRP outflows, accounting for 55.3% of transfers exceeding 1M XRP, while Coinbase's share is only 15%.

The sharp decline in activity may signal a major shift in the market structure, with reduced leverage capital return potentially impacting short-term price action.