Open interest in XRP (XRP) futures on Binance has jumped sharply, signaling that ‘leverage’ traders may be returning to a market that had been subdued by extreme volatility. The shift matters because rising derivatives positioning often precedes larger spot-market moves—though it can amplify both upside and downside risk.
According to new data released on Wednesday UTC by on-chain analytics platform CryptoQuant, Binance’s XRP futures open interest climbed to roughly 440.6 million XRP. The increase comes as XRP has staged a recent rebound, with the token trading around $1.14 at the time of… Read more
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