XRP Sees Open Interest Rebound to $1.27B on Binance Amid Neutral Funding Rates and Rising Speculative Leverage

Key Points

1. XRP's open interest on Binance has doubled since August, reaching $1.27 billion, signaling increased trading activity.

2. Funding rates for XRP remain neutral, suggesting a balanced market without extreme directional positioning.

3. Open interest peaked at $1.76 billion in July before dropping to $995 million in August, now showing recovery.

4. The Estimated Leverage Ratio for XRP has doubled, indicating growing speculative interest.

5. The Taker Buy/Sell Ratio has shifted from a selling bias to a more balanced state, reflecting investor indecision.