CryptoOnchain2026-11-09

XRP Open Interest 30D SMA on Binance (All Symbols) Falls to $453.6M, Lowest Since September 2026

The 30-day SMA of XRP open interest on Binance (all symbols) reached $453.6M on November 8, 2026, when XRP traded at $1.11. Because this is a 30-day average, it reacts more slowly to short-term moves. The chart shows open interest rising into early October and declining since then. A falling open interest alongside a falling price usually points to leveraged positions closing, not fresh capital entering derivatives. Over the same stretch, XRP fell from about $1.25 on November 2 to $1.21 on November 5 and $1.11 on November 8. The decline in open interest has moved in the same direction as price. Market context: a hot-wallet hack at Binance on October 29, in which about $6.2 to $6.4 billion was stolen, may have affected trading and derivatives positioning during the same period. The dollar index stood at 101.56, roughly unchanged over one month. These are US-level series and do not measure XRP open interest directly. One candidate explanation, unverified: the decline may reflect forced closing of long positions after the price drop, or a loss of confidence in derivatives trading on Binance after the hack. "For now, the clearest reading is that leveraged XRP positions across Binance have declined alongside price, though the window is short and several series still need verification."