Binance XRP Open Interest Declines 15% From Six-Month High

Open interest for XRP derivatives on Binance has dropped 15.3% from its six-month peak, reaching approximately $485 million as of October 1, 2026. This decline follows a period of volatility where open interest previously fell 32% between late August and mid-September. Market data indicates a shift toward more balanced funding rates and long/short ratios among larger accounts.