XRP Open Interest on Binance Falls to $453M as Leverage Unwinds After 2025 Peaks
XRP's derivatives leverage on Binance has fallen to about $453 million in open interest, the lowest level since late 2024, as noted by CryptoQuant. This sharp reduction follows multiple speculative surges above $1 billion in early and mid-2025 and coincides with XRP retreating from its $3.65 high while Bitcoin struggles near $85K. With leverage being flushed out and CMF turning negative, XRP's next major test is reclaiming the $2 psychological level on the back of renewed spot demand and whale buying.