Binance XRP Open Interest Rises to 440.6 Million... Futures Trading Surges Again

Binance's XRP futures leverage trading is rising again following a recent price rebound. According to blockchain media Tuesday, Binance's XRP futures open interest increased after the price rebound, with new position openings expanding. Based on cryptoquant data, Binance's XRP futures 30-day open interest Z-score rose to approximately 1.60, indicating levels higher than the 3,0-day average. Open interest hit 440.6 million XRP, with the 30-day moving average reaching 418.5 million XRP. XRP trades near $1.14. The trend suggests more traders are opening new futures positions anticipating price movements. While increased futures activity may signal bullish expectations, it doesn't guarantee a rally. Spot market momentum remains weaker than futures activity, with XRP's price stuck near local lows.