XRP Open Interest Falls to $350.6M on July 9, Binance Futures Decline to 397M Tokens

According to Cryptoquant analyses shared on July 9, XRP's open interest has declined to $350.6 million, marking one of its lowest levels in recent months. The research highlighted weakening futures participation, with Binance XRP futures contracts falling to approximately 397 million tokens—their lowest level in over three months—as traders reduce leveraged exposure.

The analyses noted that XRP's Network Value to Transactions Ratio (NVT Ratio) stands at 162.86, an elevated reading suggesting on-chain network activity has not accelerated enough to support current market valuations. Cryptoquant assessed that declining open interest alongside reduced spot market capitalization indicates price action remains in favor of sellers, with limited evidence of fresh capital replacing closed positions.