XRP Open Interest Drops 28% on Binance: Cryptoquant Hints at Recovery

CryptoQuant analyst Darkfost shows that XRP open interest on Binance fell 28% since September 22. Meanwhile, Santiment data shows large wallets hold 46.87 billion XRP, representing 68.48% of the tracked supply. After falling more than 25% over the past three months, XRP’s derivatives market is showing signs of a possible recovery, with open interest on Binance dropping 28% since September 22. Meanwhile, Santiment data shows that large wallets now hold 46.87 billion XRP, equal to 68.48% of the token supply tracked by the platform. Traders are now watching the $1.30 level for signs of a possible recovery.