XRP Open Interest Hits Lowest Level Since 2024 Amid Bear Market
XRP's open interest on Binance has hit its lowest level since 2024, declining by 78.28% to around $370 million as of July 29, 2026.
This significant drop in derivatives market activity coincides with a broader bearish trend, where XRP's price has fallen over 65% in the past year to $1.08.
The decline in open interest on Binance also reflects a shift of capital towards AI stocks and a crypto market downturn led by Bitcoin.