Open interest in XRP derivatives on Binance has decreased by 15.3% from its six-month peak. As of October 1, 2026, the total value of open perpetual contracts on the exchange reached approximately $485 million.
Data from CryptoQuant indicates that in late September, open interest dropped by 15% in dollar terms. During this period, the price of XRP declined by about 5%, shifting from $1.66 to $1.57.
Earlier, between August 22 and September 17, 2026, open interest fell by 32%, dropping from roughly $323 million to a range between $219 million and $220 million, while the token price decreased by 11%.
In mid-September, the cumulative volume delta reached negative $2.1 billion on spot markets and negative $1 billion on Binance perpetuals. Subsequently, open interest rebounded toward yearly highs of $600 million.
This recovery surpassed the 180-day average of $445 million and coincided with a monthly price increase of over 50%. Currently, funding rates and long/short ratios among larger accounts remain balanced.
