Key Takeaways Binance XRP open interest fell about 32% from Aug. 22 to Sept. 17. Selling pressure intensified across centralized spot markets and Binance perpetual futures. XRP’s price declined far less than derivatives exposure over the period. XRP Open Interest Drops Nearly One-Third XRP traders have sharply reduced derivatives exposure while aggressive sellers continue to dominate order flow, according to an analysis published by Cryptoquant on Sept. 17. Cryptoquant contributor Amr Taha found that Binance XRP open interest fell from about $323 million on Aug. 22 to roughly $219 million on Sept. 17, a decline of about 32%. XRP fell …
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