XRP Open Interest Surges 29%, But Bearish Sentiment Remains Strong

XRP's open interest on Binance has seen a significant surge of nearly 29% in two weeks, reaching $232.7 million, the highest since June 2026.

This increase is driven by bearish traders, as indicated by a sharp drop in Binance's XRP Perpetual Cumulative Volume Delta to negative $463.2 million, signaling strong sell-side pressure.

While more traders are active, the market sentiment remains negative, raising questions about whether this activity will deepen the price decline or trigger a reversal if bears unwind positions.