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With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope

A concise crypto market update for our readers, drawing on coverage from CryptoSlate.

Key Takeaways

  • Stablecoin-margined XRP open interest on Binance fell to about $186 million on July 31, its lowest level since April 2025, according to CryptoQuant.
  • Bybit held roughly $229 million in the same contract type, about $43 million more than Binance.
  • XRP trades near $1.03, putting the token roughly 3% above the $1 level that has become…

What Happened

Stablecoin-margined XRP open interest on Binance fell to about $186 million on July 31, its lowest level since April 2025, according to CryptoQuant. Bybit held roughly $229 million in the same contract type, about $43 million more than Binance. XRP trades near $1.03, putting the token roughly 3% above the $1 level that has become…

This is a short educational summary, not the full story. Read the complete original article at CryptoSlate.

Source & copyright: CryptoSlate. Headline and short excerpt used for news reporting with full attribution.


Disclaimer: Educational content only — not financial advice. This article is a curated news brief provided for informational and educational purposes. Nothing here is investment, legal or tax advice, and no content on this site should be treated as a recommendation to buy or sell any asset. Cryptocurrency markets are highly volatile — always do your own research (DYOR) and consult a licensed financial adviser before making financial decisions.

About Garry

Garry is the founder and editor of CryptoTech Today, where he writes plain-English guides on cryptocurrency, blockchain technology and digital-asset security. He has been following the crypto industry since 2017 and focuses on making complex topics — wallets, DeFi, mining and market regulation — easy for beginners to understand. Nothing he writes is financial advice: every article is educational, and he encourages readers to always do their own research.

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