XRP perpetual contract open interest on Binance has fallen 15.3% from its six-month high, settling at approximately $485 million as of October 1, 2026. XRP price simultaneously lost roughly 5%, moving from $1.66 to $1.57. Between August 22 and September 17, 2026, open interest had already dropped 32%, falling from approximately $323 million to $219-220 million. Cumulative volume delta on spot markets reached negative $2.1 billion, signaling significant selling pressure. Balanced funding rates suggest no position is currently overextended.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
