XRP remains bearish near $1.00 with resistance at $1.04-$1.08
first published 2026-08-17T10:43:45Z
Binance XRP derivatives open interest climbed 28.6% from about $181 million on August 3 to $232.7 million on August 17, the highest level since June 2026. The article says the move appears driven more by bearish positioning and sustained sell pressure than by fresh bullish demand, as Binance's Perpetual CVD fell to -$463.2 million.
AI Analysis
Open interest rose sharply, but the summary says the increase was driven more by bearish positioning and sustained sell pressure, with Perpetual CVD deeply negative. That makes it mildly bearish for short-term traders but not highly impactful.
Expected Investor Sentiment: Bearish
Potential Market Impact: Moderate
Source Articles
- XRP Futures Activity on Binance Prints Bullish Signal With 29% Surge - U.Today
- Binance Rolls Out 1M XRP Reward Pool for RLUSD Holders, Here’s How to Qualify - Coinpedia
- XRP Rich List Grows as Million-XRP Wallets Rise Despite 70% XRP Price Drop - Coinpedia
- XRP price loses $1 support as sellers target $0.98 - Crypto News
- XRP News: Retail Panic-Sells XRP at $1 While Ripple Absorbs $16 Trillion - Coinpedia
- XRP, Bitcoin (BTC), Shiba Inu (SHIB) and Zcash (ZEC) Price Analysis for August 18: Market Volumes Fly Over the Top - U.Today
