XRP Price: Binance Open Interest Hits Two-Month High — What Traders Are Watching Now

TLDR

• XRP dropped below the $1 psychological support level, trading near $0.9942.
• Whale transactions over $1 million surged 280%, with more than 38 large transfers recorded in 24 hours.
• XRP’s open interest on Binance hit a two-month high, pointing to growing derivatives activity.
• Derivatives trading volume rose 12.48% to $1.55 billion, though futures open interest dipped slightly.
• XRP needs to reclaim $1 and break $1.02 resistance to confirm any recovery.

XRP slipped below the key $1 support level on Tuesday, trading around $0.9942. It was one of the weakest major cryptocurrencies on both a daily and weekly basis.

Despite the price weakness, whale activity on the XRP Ledger jumped sharply. Transactions valued above $1 million increased 280% in a single 24-hour period, with more than 38 large transfers recorded.

Crypto analyst Ali Charts (@alicharts) flagged the move on social media, writing: “$XRP WHALES ARE BACK! Whale activity on the XRP Ledger has exploded over the past 24 hours. The number of transactions exceeding $1 million has surged 280%, climbing to more than 38 large transactions.” The post drew attention to the contrast between falling price and rising large-wallet activity.

$XRP WHALES ARE BACK!

Whale activity on the XRP Ledger has exploded over the past 24 hours.

The number of transactions exceeding $1 million has surged 280%, climbing to more than 38 large transactions. https://t.co/70eHTdeG8a pic.twitter.com/FDEdYzqGl5

— Ali Charts (@alicharts) August 18, 2026

It’s worth noting that whale transactions do not always signal buying. Some transfers represent exchange deposits, withdrawals, or internal wallet movements.

Derivatives Activity Picks Up

XRP derivatives markets showed mixed signals. Trading volume rose 12.48% to $1.55 billion in the latest session. Options volume jumped 58.25% to $883,790.

Futures open interest, however, dipped 0.69% to 2.75 billion. This suggests traders pulled back on leveraged bets even as overall participation increased.

XRP Open Interest Hits Two-Month High on Binance

“The current rise in open interest reflects increased participation and speculation in the XRP derivatives market, making the upcoming price movement more significant.” – By @ArabxChain pic.twitter.com/0eDHoxtEjj

— CryptoQuant.com (@cryptoquant_com) August 18, 2026

Separately, XRP’s open interest on Binance reached a two-month high. Data from @cryptoquant_com noted that this rise points to increased positioning ahead of potential volatility.

Key Price Levels to Watch

The Relative Strength Index sits at 43.46, below the neutral 50 mark. The Chaikin Money Flow is at 0.06, a slight positive reading that suggests a small amount of capital is still flowing in.

For XRP to confirm a recovery, it first needs to reclaim the $1 level. A move above $1.02 resistance could push the price toward $1.05, a previous support zone.

If XRP stays below $1, the next support sits at $0.97. A break below that level would extend the current downtrend.

Analyst Ash Crypto (@AshCrypto) also noted that XRP just posted its lowest weekly close in nearly two years, raising the question of whether a bottom is forming.

$XRP just hit its lowest weekly close again in nearly 2 years.

Is XRP finally forming a bottom? pic.twitter.com/5xDF9afLSh

— Ash Crypto (@AshCrypto) August 18, 2026

The broader crypto market rose 0.79% to $2.19 trillion on Tuesday. Bitcoin held above $64,300.

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