Binance’s XRP futures market has seen open interest crater to levels not seen since early 2024 as the altcoin struggles through a drawn-out bear phase. On July 29, XRP’s open interest on Binance dropped to roughly $370 million, down drastically from over $1.7 billion a year earlier a 78% collapse over 12 months.
This decline tracks closely with XRP’s price, which has slid more than 65% over the past year, reflecting weakening appetite for derivative exposure. Even though XRP maintained one of the highest trading volumes on Binance in the last 24 hours, over $77 million, the overall futures interest has been shrinking steadily since July 2025.
The broader crypto market has felt the strain amid a shift of asset flows toward AI stocks and other sectors, leaving tokens like XRP facing persistent selling pressure. Total open interest related to XRP across all exchanges plunged from nearly $4 billion in July 2025 to just under $800 million recently, underscoring traders’ retreat from leveraged bets amid bearish sentiment.
XRP was trading near $1.08 at the time of reporting, posting a modest 0.5% gain in the past day with $1.25 billion in volume. The sustained drop in derivatives interest signals traders are wary of further downside, choosing to cut risk exposure despite brief price upticks.
This content is for informational purposes and should not be considered financial advice.
