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XRP open interest on Binance rises 29% amid growing bearish pressure in futures market

Market News
17 Aug 2026
Tokenpost
View Source
Bearish
XRP open interest on Binance rises 29% amid growing bearish pressure in futures market

XRP's open interest on Binance surged nearly 29% in two weeks, reaching $232.7 million, the highest since June 2026. Despite this increase, the rise is driven by bearish traders, as indicated by a sharp drop in Binance's XRP Perpetual Cumulative Volume Delta to negative $463.2 million, signaling strong sell-side pressure. This suggests that while more traders are active, the market sentiment remains negative, raising questions about whether this activity will deepen the price decline or trigger a reversal if bears unwind positions.

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