Binance XRP Futures Open Interest Drops $85M After Long Liquidation Wave

XRP futures open interest on Binance fell by $85.1 million, or 15.8%, between October 4 and 17 , following a wave of long liquidations that affected leveraged traders. According to CryptoQuant analyst CryptoOnchain, the value of outstanding contracts declined from $538.1 million to $453 million . On October 7 and 8, liquidations of bullish positions reached $25.7 million on Binance. ripple:native Exchange Reserves Reach the 99th Percentile of the Past Year as Binance Leverage Unwinds Exchange reserves for ripple:native stood at 11.81B on October 17, the 99th percentile of the past 365 days. Binance ripple:native open interest closed at $453.0M on October… pic.twitter.com/JFwczpVcON — CryptoOnchain (@CryptoOnchain) October 18, 2026 The decline coincided with a drop in XRP’s price from approximately $1.52 to $1.29 .

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