Open interest in XRP futures has decreased significantly on major cryptocurrency exchanges over the past 30 days.
According to exchange-specific statistics, Binance lost approximately 1.6 billion XRP futures contracts, Bybit lost approximately 1.8 billion, Kraken lost approximately 1.5 billion, and OKX lost approximately 446 million. This totals approximately 5.5 billion XRP futures contracts.
Open interest refers to the number of futures contracts that remain open and unsettled. A decrease in this figure reflects market participants reducing their leveraged positions or liquidating contracts.
The XRP price has shown volatility in recent weeks, indicating a correction. A decline in open interest is generally interpreted as an indicator of diminishing market risk exposure.
