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XRP futures open interest drops 28% to $445M, easing pressure amid price decline.

Market News
06 Nov 2026, 16:10 WIB
Tokenpost
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Neutral
XRP futures open interest drops 28% to $445M, easing pressure amid price decline.

XRP futures open interest on Binance fell nearly 28% from September 22 to $445 million, dipping below its 180-day average of around $460 million. This decline was driven by a lower XRP price which reduced the value of open futures positions, along with liquidations during a recent sell-off. The decrease indicates deleveraging in the market and suggests that selling pressure on XRP futures is easing. This could signal a potential stabilization in XRP futures trading activity going forward.

As of Nov 06, 2026 21:21 WIB, XRP on Pluang trades at Rp21.383 with a 1-day change of -9.67%. The market cap stands at Rp1.360,98 trillion and the 24-hour volume is Rp59,73 trillion. Despite the recent drop in Binance XRP futures open interest, XRP remains actively traded on Pluang with a typical hold time of 73 days and a majority of 66% sell orders.

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