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XRP OI Near $1.8B as Funding Rate Turns Mixed Across Key Levels

XRP OI Near $1.8B as Funding Rate Turns Mixed Across Key Levels

CryptonewslandCryptonewsland2025/12/02 05:21
By:by Yusuf Islam
  • The chart shows XRP open interest rising from below $600M to almost $1.8B before stabilizing while price moved near $2.00.
  • XRP funding rate turned positive during the sharp climb toward $3.00 then shifted into mixed phases as the price cooled.
  • The current structure displays open interest holding firm as the funding rate cycles between positive and negative zones.

XRP futures open interest is near $1.8B as the funding rate shows mixed signals while the price trades close to $2.00. The chart displays a strong rise in open interest from below $600M in late 2024 to levels near $1.8B by early 2025. XRP price moved between $1.00 and $3.00 across the same period and now sits slightly above $2.00.

Open Interest Climbs From $600M to $1.8B During Price Expansion

Open interest began to rise sharply near November 2024. The chart shows a fast climb from under $600M to above $1.2B. The upward move continued until open interest peaked near $1.8B.

This surge aligned with a steep rise in XRP price. During this phase price moved from near $0.70 toward levels above $2.50. Open interest then stabilized near the upper zone while price reached near $3.00.

XRP’s futures OI has fallen from 1.7B XRP in early October to 0.7B XRP (~59% flush-out).
Paired with the funding rate dropping from ~0.01% to 0.001% (7D-SMA), 10/10 marked a structural pause in XRP speculators’ appetite to bet aggressively on upside.

📉 https://t.co/YriWwSBWhD https://t.co/wzKcbqOuwP pic.twitter.com/udbENGKiL2

— glassnode (@glassnode) November 30, 2025

Across 2025 open interest remained elevated. The chart shows OI staying inside a wide $1.2B to $1.8B band for several months. This band held even while price formed a wide range between $2.00 and $3.00.

Open interest finally showed a decline during late 2025. The chart marks OI falling back toward $900M while the price moved closer to $2.00. The current reading shows OI still above midrange levels.

Funding Rate Turns Positive During Rally and Mixed After Consolidation

The funding rate chart shows strong positive spikes during the large price surge toward $3.00. The green zone expanded sharply as funding rose above 0.03%. During this phase, both price and funding moved in the same direction.

The chart also displays several negative funding clusters. These negative dips appear when the price cooled near $2.50 and later near $2.00. The red bars show these short phases of negative pressure.

From mid-2025 forward, the funding structure became mixed. The funding rate printed alternating positive and negative zones while the price moved sideways. Funding then returned to low positive readings in late 2025.

The current funding rate sits near zero. This reflects balanced conditions as price holds above $2.00 without strong leverage pressure in either direction.

Price Holds Near $2.00 as Derivatives Market Builds New Structure

The XRP price is shown moving across three large phases. The first phase held near $0.60 to $1.00. The second phase surged toward $3.00. The final phase shows the price moving back toward $2.00.

The price now sits near the middle of the multi-month range. The open interest curve remains active and elevated. This suggests that traders still hold positions while waiting for the next move. One central question emerges from the data: Will XRP open interest return toward the $1.8B zone if price attempts another move above $2.50?

The chart shows a strong alignment between rising open interest and upward price movement. The funding rate also reacted during these phases. Mixed funding now indicates more balanced positioning.

Across all visible data, open interest remains a major factor. The price and funding rate continue to shift within clear structures. XRP holds above $2.00 and remains inside this wide multi-month derivatives range.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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