XRP Traders Reduce Leverage as Open Interest Drops Sharply

The data from CryptoQuant shows that total open interest across major exchanges has dropped by nearly 75% from its peak in 2025. This significant decline indicates that traders are reducing their risk-taking and adopting a more cautious approach to trading XRP.

The reduction in leverage is evident as Binance continues to lead XRP derivatives activity, while other platforms account for smaller shares of the market. This concentration of activity on major exchanges suggests that traders are consolidating their positions and minimizing their exposure to risk.

According to analysts, a potential reset could be underway before a new move in the XRP market. The Relative Strength Index (RSI) is near 53, indicating balanced buying and selling pressures. Meanwhile, the MACD suggests bearish momentum may be easing, with signal lines tightening and small positive bars appearing.