Open Interest Jumps Binance: XRP's Resilient Rebound

XRP open interest jumps on Binance, rising 14.8% in 24 hours to $264 million, despite heavy long liquidations and a price near $1.34.

XRP's Derivatives Picture Turns Resilient

The rebound in positioning stands out because open interest remained subdued on other venues, making Binance the clearest center of renewed speculative appetite around the token. 64% jump in XRP mindshare reportedly occurred in a single day, reaching 1.5%.

Renewed Long Positioning and Squeeze Zone

Key Factors

• Open positions on Binance rose above $264 million, up 14.8% over 24 hours
• XRP traded near $1.34 after the latest downturn
• $1.04 billion in open interest tied to the $1.37 squeeze zone

The setup reflects renewed long positioning, while XRPL fundamentals stayed modest. Short interest clustered around $1.37 is now the key squeeze zone.

XRP's Recovery Attempt and Bearish Positioning

Heavy bearish positioning on Hyperliquid shows skepticism shadows XRP’s recovery attempt, with 63% of whales positioned bearish. The coinalyze analysis notes that open interest on Binance is climbing again even after a wave of long liquidations.

Key Takeaways

• XRP open interest jumps 14.8% on Binance to $264 million
• Renewed long positioning and squeeze zone around $1.37
• XRP mindshare jumps 64% in a single day to 1.5%
• Heavy bearish positioning on Hyperliquid with 63% of whales bearish

Frequently Asked Questions

What is the current open interest in XRP on Binance?

The current open interest in XRP on Binance is $264 million, up 14.8% in 24 hours.

Why are traders reloading longs on Binance despite heavy long liquidations?

Traders are reloading longs on Binance because XRP still behaves like a fast-reacting narrative asset, and the setup appears to be drawing traders who believe the token can still break into a higher range even in a weak altcoin environment.