XRP Open Interest Up 3% as Price Eyes Short-Term Rebound

Published: 2026-01-31 12:38:13 |

XRP’s price has fallen 11.27% over the past week and is trading near $1.70 (down 2.75% in 24h). Market cap stands at about $103.48B while 24-hour volume rose ~20.7% to $4.06B, indicating increased trading activity amid the pullback. Total XRP open interest (OI) is $1.2B, up 2.98% in 24 hours—almost entirely driven by perpetual contracts—suggesting traders are opening new positions and expecting a possible short-term rebound. Conversely, dated futures OI is small at $1.9M, down 2.63%, showing limited participation in non-perpetual futures. Separately, XRP ETFs recorded large outflows (~$92.9M) in 24 hours, the largest single-day withdrawal noted, signaling institutional selling pressure that could limit a sustained rally unless inflows return. Key keywords: XRP price, open interest, perpetual contracts, ETF outflows, trading volume.

Neutral

The net signal is neutral. Bullish elements: rising open interest (+3%) and higher spot volume imply new positions and trader interest that often precede higher volatility and potential short-term rebounds. The fact that OI growth is concentrated in perpetual contracts suggests speculative positioning that can amplify a bounce. Bearish elements: XRP has dropped ~11% in a week and witnessed a large single-day institutional outflow from XRP ETFs (~$92.9M), which indicates tangible selling pressure and reduced institutional demand. Low dated-futures participation (OI $1.9M) points to limited hedging or longer-dated speculative conviction. Short-term impact: likely higher volatility with potential for a relief rally if perpetual-driven buying persists and ETF outflows moderate. Traders should watch open interest trends, funding rates on perpetuals, spot volume, and ETF flows for entry/exit timing. Long-term impact: until institutional inflows resume and macro sentiment stabilizes, sustained bullish momentum is uncertain. This pattern mirrors prior episodes where OI rose ahead of short squeezes or quick rebounds but failed to sustain gains when institutional selling continued.