XRP Open Interest On Binance Sits Near $464M, Chart Shows

XRP open interest on Binance stands near $464 million, according to a CryptoQuant Quicktake by R3N posted on October 10. The same chart shows more than $1.5 billion during the 2025 rally. Fewer traders are holding leveraged XRP bets today, though the chart says the big fall happened a year ago and not this week.

Reading the XRP open interest chart

The chart is titled Binance, All Symbol, so it adds up every XRP contract on that one exchange and leaves other venues out. Open interest counts the value of futures contracts still open. A rising line means new bets are being placed, while a falling line means they are closing or being forced shut. R3N reads the drop as traders pulling back and calls lower leverage a possible base for recovery.

What the chart adds is timing. Its purple line rides up through 2025 and tops out near $1.7 billion around mid-year, close to where the black price line peaks. A steep fall follows in late September or early October. From there the months slip by inside a band of roughly $400 million to $600 million, a floor more than a slide.

The latest point on the chart is tagged 464.4M, and the price line ends at $1.3. R3N's XRP open interest chart on CryptoQuant for all Binance symbols, with the XRP price in black.

How big is $464 million for XRP?

CoinGecko puts XRP's market cap at $87.96 billion, fifth on its ranking, and shows about $770 million of trading volume over 24 hours. Set against those figures, Binance's open interest equals roughly 0.5% of the market cap. It is also about 60% of a single day's volume across all venues.

Those ratios only give a sense of scale. Derivatives are a small slice of a token this large. They are also where leverage tends to show first when sentiment turns, as the 2025 swings on the chart show.

Where the price sits

CoinGecko's XRP page lists the all-time high as $3.65 on July 17, 2025, which sits close to the peak in open interest. On October 11 the coin traded at $1.39, about 62% below that high. CryptoQuant's chart label reads $1.3, so treat its price as a rounded or slightly delayed print.

XRP is down 6.5% over seven days on CoinGecko but still up 3.4% over thirty. Up on the month, down on the week, with open interest flat inside its range. That reads like a market waiting, not one in a panic.

What R3N says to watch

R3N ends with a test. Open interest rising alongside price would signal renewed participation, in the author's words. Open interest rising while price struggles could mean leverage is building again. Those are the author's readings, not measurements.

Our own coverage of the coin's recent price context is in the Evernorth merger report, which compared the deal's XRP price with the market. Open interest figures from CryptoQuant are provided by its data feed and may be restated, so check the live chart before quoting a number.