XRP Whales Unleash Surge in Derivative Activity Amid Price Weakness

XRP whales are back in action with a significant surge of 280% in derivative activity on Ripple, despite its price weakening. This divergence between the amount of leverage used and the current market trend has created an increasingly large gap.

The Binance Open Interest (OI) has jumped from $360 million in early August to $461.3 million, representing the highest OI value since early July. However, XRP's price has slipped toward $0.992 after trading above $1.10 in late July.

This surge in leverage near the psychological $1 level can trigger larger liquidations and accelerate volatility. A sustained move above $1 alongside expanding OI would improve momentum, but continued weakness with elevated leverage could force positions out rapidly.