Amr Taha2026-03-27

Binance XRP Open Interest Jumps to 14.8% as Long Liquidations Keep Hitting the Market

Leverage is building again in the XRP market on Binance. The 24-hour Open Interest % Change climbed to 14.8%, marking its highest reading since March 4, when the metric previously peaked near 16%. This sharp increase suggests that traders are returning aggressively to the derivatives market and rebuilding exposure in XRP. However, liquidation data shows that this positioning remains fragile. On the XRP Exchange Liquidation Metrics chart, the market recorded three major long liquidation events in a short period: March 18: above $2.5M March 21: around $2.45M March 26: around $2.15M This combination is important. Rising open interest usually reflects growing speculative activity, but repeated long liquidation spikes show that bullish positioning is still being punished during volatility. In other words, leverage is returning, but conviction remains unstable. For now, the data suggests that XRP is attracting fresh derivatives interest, yet the market is still vulnerable to sharp flushes whenever long positioning becomes overcrowded.