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XRP futures open interest hits 3-month low as price drops near $1.09 amid cautious trading and legal concerns

Market News
09 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

XRP futures open interest on Binance has fallen to around 397 million XRP, the lowest in over three months, as futures trading activity slows and price declines toward $1.09. This drop reflects cautious positioning by traders amid broader market uncertainty and ongoing legal battles involving Ripple. While retail demand in perpetual futures remains steady with open interest averaging 2.14 billion XRP across markets, institutional flows show caution with notable outflows in XRP ETFs. XRP faces technical resistance below key moving averages, and network upgrade challenges add to investor concerns, influencing sentiment and price action.

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