XRP Open Interest Plunges 32% on Binance as Spot Sellers Beat Buyers

Crypto Insight Summary: XRP derivatives exposure has fallen sharply since late August as traders reduce leveraged positions while aggressive selling continues across spot and perpetual markets. Binance XRP open interest has dropped about 32%, while selling pressure has intensified across centralized exchanges. XRP Open Interest Drops Nearly One-Third XRP traders have sharply reduced derivatives exposure while aggressive sellers […] Crypto Insight Analysis: Direction: Bearish XRP Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Sharp drop in open interest and increased selling pressure indicate bearish sentiment for XRP.