Home›Crypto›Market Structure›XRP futures open interest climbs as traders skew long…

XRP futures open interest climbs as traders skew long near $1

Futures open interest rose to about $2.78 billion, while Santiment says XRP social sentiment hit its most negative level in three months, raising risks if the token breaks below $1.

Reported · Written up by our desk · Market Structure

XRP is hovering around $1 as crypto derivatives positioning and trading activity increase, according to CoinDesk, with exchange data pointing to a leveraged long tilt among traders on Binance and OKX even as bearish chatter rises.

Futures open interest climbed to about $2.78 billion on Monday, up 2% over 24 hours, and trading volume increased 55% to roughly $1.17 billion, CoinGlass data cited by CoinDesk shows. On Binance, more than three accounts held long XRP positions for every one holding a short, and the largest-trader long-to-short ratio was about 3.6 to one, the same split appearing in OKX data.

CoinDesk also cites Santiment on a sentiment reversal, saying commentary about XRP across X, Reddit, Telegram, and other channels reached its most negative level in three months this week. It warned that a break below $1 could prompt forced selling from overleveraged long positions.

On the network side, CoinDesk reports nearly 50,000 active addresses over a 24-hour period, the most in more than two months, with activity described as picking up after a slide toward 2026 lows in July. The outlet said analysts increasingly frame the setup as a rebound bet even as the token trades far below last year’s highs above $3.

Latest closeXRP $1.335 ▼2.2%

More like this

Sources