TL;DR:
- XRP open interest on Binance rose from $181 million on August 3 to $232.7 million on August 17, 2026.
- The weekly open interest variation recorded a shift from -$40 million on July 29 to +$38.9 million in the latest session.
- The perpetual Cumulative Volume Delta (CVD) on Binance dropped to -$463.2 million.
Binance’s derivatives market recorded a 28.6% increase in XRP futures activity over the past two weeks. The metric reached its highest level since June 2026, coinciding with the recent test of spot support around $0.98.
Data from analytics platform CryptoQuant shows that open interest (OI) on Binance climbed from approximately $181 million on August 3 to $232.7 million on August 17, 2026.
This surge in open contract volume suggests a reactivation of capital within the derivatives segment. Data from the analytics firm indicates that the influx of new positions comes amid a phase of high volatility in spot prices.
The weekly evolution of the indicator points to an operational reversal. Net change in open interest shifted from a negative value of -$40 million on July 29 to a positive figure of +$38.9 million at the close of the analyzed session.
Industry analysts note that this behavior reflects the sustained opening of new leveraged orders on the exchange. According to technical market readings, a heavy concentration of positions can act as a catalyst for sharp directional moves if cascading liquidations are triggered.
Divergence Between Open Interest and Selling Pressure
Alongside the rise in open interest, the Cumulative Volume Delta (CVD) for Binance perpetual contracts fell to -$463.2 million.
CVD is defined as a tool to measure the net difference between market buy and sell orders executed. According to CryptoQuant data, the sharp drop in this indicator suggests that the bulk of the new volume corresponds to short positions and aggressive selling by traders.
XRP’s spot price remained under pressure over the last fourteen days, testing multi-year lows near $0.98.
Market specialists point out that the 29% rebound in derivatives presents a mixed technical signal. On the one hand, contract accumulation confirms available liquidity; on the other, the prevailing sell bias shows that participants remain cautious regarding an immediate asset recovery.
Typically, open interest spikes accompanied by a sharply negative CVD precede tactical realignment phases on Binance. Market reports highlight that a potential technical bounce could squeeze short sellers, while persistent selling would keep the lower support zone under pressure.
The derivatives market will keep a close eye on the scheduled liquidation close for monthly and quarterly contracts at the end of August 2026, when major options and futures blocks expire across centralized platforms.
