XRP open interest rises as Binance data hints at early price expansion

XRP derivatives activity is showing signs of tightening market positioning as open interest moves above recent averages.

Blockchain analytics firm Cryptoquant released a Binance-focused analysis highlighting changes in XRP open interest and volatility.

“XRP open interest surpasses the 30-day average as volatility rises to its highest level since November,”

The analysis stated.

Total XRP open interest climbed to about $566.48 million, exceeding the 30-day average of roughly $528.84 million.

Analysts said the increase suggests new positions are entering the market at a controlled pace rather than through aggressive speculation.

Data showed open interest remaining consistently above its rolling average without sharp leverage-driven spikes seen in late 2024 and mid-2025.

XRP price volatility has expanded alongside steadier accumulation, indicating rising engagement with restrained risk appetite.

The 30-day standard deviation of open interest rose to around $65.7 million, marking its highest level since November.

This volatility expansion is widely viewed as an early indicator of potential price movement.

“The current situation can be characterised as a cautious accumulation phase with a gradual increase in risk,”

The analysis concluded.

At the time of reporting, XRP price was $1.95.