By Isaac • September 1, 2026 7:13 am •
XRP’s latest rally has a detail under the surface that deserves more attention than the price move alone.
The token climbed from roughly $0.99 on August 17 to about $1.38 by August 31, a gain of nearly 40%. Yet traders were cutting leverage across the market.
Trending: CALIFORNIA: Muslim Holidays Eid al-Fitr and Eid al-Adha To Become State Holidays
Total XRP futures open interest fell from about 2.77 billion tokens to 2.34 billion over the same stretch.
That combination—a rising price and shrinking overall futures exposure—usually points to a cleaner rally than one powered by an indiscriminate buildup of borrowed bets. But the most interesting part is where the remaining exposure moved.
CoinDesk reports that open interest in XRP futures on CME rose from the equivalent of about 284
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!