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XRP open interest on Binance drops 32% amid strong selling pressure in spot and futures markets.

Market News
17 Sep 2026
Bitcoin
View Source
Bearish
XRP open interest on Binance drops 32% amid strong selling pressure in spot and futures markets.

From August 22 to September 17, XRP open interest on Binance fell about 32%, dropping from $323 million to $219 million, signaling significant deleveraging in the derivatives market. During the same period, XRP's price declined by roughly 11%, showing that derivatives exposure shrank much faster than the price. Selling pressure intensified, especially in spot markets where cumulative volume delta (CVD) fell sharply, indicating aggressive sell-side activity beyond leveraged positions. This reduction in leveraged exposure may help stabilize the market, while ongoing institutional interest and regulatory developments continue to shape XRP's outlook.

XRP is currently trading at Rp23,184 on Pluang, showing a 1-day gain of 3.47% as of September 17, 2026, 22:52 WIB. Despite the recent drop in open interest on Binance, Pluang data shows a majority of sell orders at 67%, with a typical hold time of 71 days for XRP investors.

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