XRP Derivatives Surge on Binance as Long Liquidations Mount: What’s Next for Ripple?

Open interest (OI) in XRP derivatives on Binance jumped 14.8% in the last 24 hours, its highest reading since March 4, when the metric peaked near 16%. The move was accompanied by repeated long liquidations and a change in order flow toward short positioning, painting a mixed picture for the Ripple token.

Key takeaways

Quick scan — what you need to know:

• Open interest (OI) in XRP derivatives on Binance jumped 14.8% in the last 24 hours, its highest reading since March 4, when the metric peaked near 16%.
• The move was accompanied by repeated long liquidations and a change in order flow toward short positioning, painting a mixed picture for the Ripple token.
• Leverage Returns, But Longs Keep Getting Washed According to analyst Amr Taha, the high open interest reading meant traders are aggressively going back to the derivatives market and rebuilding…
• However, while the OI increase is the headline number, the surrounding data has complicated the bullish reading, with Taha identifying three significant long liquidation events that occurred in…

Background

What led here, in plain terms:

• Over $2.5 million was lost on March 18, followed by $2.45 million on March 21, and around $2.15 million on March 26.
• He said that each event wiped out crowded bullish positions at a time when leverage was building up, something he suggested was a sign that conviction is still unstable.
• “Rising open interest usually reflects growing speculative activity,” he explained.
• “But repeated long liquidation spikes show that bullish positioning is still being punished during volatility.” What made the picture even more defensive was that the rise in open…

Why it matters

Why readers and decision-makers should care:

• But on a more positive note, EGRAG CRYPTO has made bold predictions for XRP, stating that it could go up as far as $27 by August 2027, although the entire framework rests on the asset first…
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