XRP’s speculative participation shows notable resurgence as its open interest on Binance doubles since August to reach $1.27 billion. This significant recovery underscores growing trader engagement after a previous decline to $995 million in early August, though it remains below July’s peak of $1.76 billion.
Market positioning signals relative balance, with XRP funding rates holding neutral. This stability suggests a lack of extreme directional bias among investors, contrasting with heightened speculative activity reflected in a doubled Estimated Leverage Ratio.
Additional indicators reveal shifting market sentiment, as the Taker Buy/Sell Ratio moved from prior selling pressure into equilibrium. This transition points to increased indecision among traders about XRP’s short-term trajectory despite the accelerated leverage usage signaling mounting speculative interest.