XRP derivatives activity is showing signs of tightening market positioning as open interest moves above recent averages.
Blockchain analytics firm Cryptoquant released a Binance-focused analysis highlighting changes in XRP open interest and volatility.
“XRP open interest surpasses the 30-day average as volatility rises to its highest level since November,”
The analysis stated.
Total XRP open interest climbed to about $566.48 million, exceeding the 30-day average of roughly $528.84 million.
Analysts said the increase suggests new positions are entering the market at a controlled pace rather than through aggressive speculation.
Data showed open interest remaining consistently above its rolling average without sharp leverage-driven spikes seen in late 2024 and mid-2025.
XRP price volatility has expanded alongside steadier accumulation, indicating rising engagement with restrained risk appetite.
The 30-day standard deviation of open interest rose to around $65.7 million, marking its highest level since November.
This volatility expansion is widely viewed as an early indicator of potential price movement.
“The current situation can be characterised as a cautious accumulation phase with a gradual increase in risk,”
The analysis concluded.
At the time of reporting, XRP price was $1.95.