XRP Price Holds Firm Despite 15% Decline in Binance Futures Positions

XRP's open futures positions on Binance fell by 15% in a week, while its price declined only 5%. This sharp contraction in the futures market compared to the pullback in XRP's price has sparked interest in what comes next.

According to CryptoQuant data from September 29, open interest dropped from $616.1 million on September 22 to $521.5 million over the past week, a decline of approximately $95 million.

In contrast, XRP's price fell from $1.572 to $1.49 during the same period, with a limited loss of 5.2% and retaining most of its previous gains.