Data from the Open Interest Turnover Ratio for XRP on Binance shows that the derivatives market is currently experiencing relative stability, with a noticeable decline in open interest compared to the peak reached in the second half of 2025. According to the latest data, open interest stands at approximately 375.56 million XRP, while the Open Interest Turnover Ratio remains stable at around 0.71.

The data indicates that open interest previously exceeded 1.3 billion XRP before entering a gradual downward trend and stabilizing near 400 million XRP in recent months. Meanwhile, the Open Interest Turnover Ratio experienced several temporary spikes above 4, coinciding with periods of heightened volatility and increased trading activity. However, the indicator has since returned to more normal levels.

The stability of the Open Interest Turnover Ratio near 0.71, coupled with lower open interest, suggests that traders have become more cautious about opening new positions, while the pace of short-term speculation has slowed compared to previous periods. This also reflects a decline in the turnover of derivatives positions, which could help reduce market volatility if these conditions persist.

The current reading points to a calmer and more stable derivatives market than in recent months. However, any sudden increase in the Open Interest Turnover Ratio, particularly if accompanied by rising open interest, could serve as an early signal of renewed speculative activity and increased volatility in XRP's price in the coming period.

Written by Arab Chain