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XRP futures open interest hits $2.78 billion as sentiment turns bearish near $1

XRP futures open interest hits $2.78 billion as sentiment turns bearish near $1

Binance and OKX showed heavy long positioning while XRP Ledger activity climbed and social-media sentiment hit a three-month low, leaving traders focused on liquidation risk if XRP breaks below $1.

XRP

Fact Check
The claim's core assertions are directly confirmed by the primary analytics source, the Santiment X post, which states XRP crowd sentiment is at a 3-month bearish extreme and that XRP recorded 49,929 active addresses in a 24-hour window, its highest in over 2 months, with price below $1.00. Both secondary articles (BlockchainReporter and Cryptobriefing) independently report the same figures and attribute them to Santiment. The claim faithfully reflects this data.
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Summary

XRP hovered around $1 as futures open interest rose 2% in 24 hours to about $2.78 billion and trading volume jumped 55% to roughly $1.17 billion, according to CoinGlass data reported by CoinDesk on Aug. 17. Binance and OKX showed major-trader long-to-short ratios of about 3.6 to 1, while the market-wide ratio across exchanges was near 0.93, indicating the strongest bullish positioning was concentrated on those venues rather than across the whole market. Santiment said XRP-related commentary across X, Reddit and Telegram had turned the most bearish in three months even as XRP Ledger activity strengthened, with about 49,929 active addresses in a 24-hour period on Aug. 14, the highest in more than two months. New addresses remained nearly flat at about 2,260 a day versus roughly 2,270 in July, suggesting heavier use by existing addresses rather than clear new-user growth. With about 2.77 billion XRP tied up in futures positions, up from around 2 billion earlier this summer, traders are watching whether a move below $1 could trigger forced liquidations and add selling pressure.

Terms & Concepts
  • Open interest: The total value or number of outstanding derivatives contracts that have not been closed, showing how much capital is tied up in the futures market.
  • Long-to-short ratio: A measure comparing bullish positions to bearish positions in a market or on an exchange, used to gauge trader positioning.
  • Forced liquidation: The automatic closure of leveraged positions by an exchange when losses erode collateral below required levels, which can amplify price moves.