XRP Derivatives Data Discrepancies Show $2.7B vs $1B Open Interest

Conflicting data on XRP open interest ranges from $1B to $2.7B. Despite 75% long accounts, equal notional exposure and negative CVD signal intense leverage battles near $1.

Woofun AI reports that conflicting derivatives data for XRP has emerged amid price action near the $1 level. CoinGlass estimates open interest at approximately $2.7 billion, whereas other platforms display figures between $866 million and $1 billion. Although roughly 75% of accounts hold long positions, the notional exposure on long and short futures contracts remains equal. Over the past 24 hours, active buying versus selling stands at 45% to 55%, consistent with selling pressure suppressing prices. Binance data indicates holding volumes rose 28.6% over two weeks to $232.7 million, while perpetual contract CVD fell to -$463 million, signaling new short entries. Morgan Stanley's 13F filings show continued XRP exposure via Franklin, REX-Osprey, and Bitwise ETFs.