The risk of XRP prices falling any further has been sharply reduced by an 80%+ drop in futures wagers on Bybit from the July 2025 high. Such a pronounced fall in open interest is a clear indication of how traders have repositioned themselves and how sentiment has changed.
Massive Decline in XRP Futures Bets on Bybit
Figures put forward by Cheeky Crypto show that the dollar amount of open XRP futures at Bybit, one of the biggest exchanges of its kind, has tumbled more than 80% since that peak. As of October 18, with 1,000 XRP amounting to about $1,311 at the $1.31 mark, the open interest has seen a steep decline. That leaves fewer traders exposed to the sort of forced liquidations that are common when volatility spikes and leveraged positions are wiped out.
Historical Patterns: Post-Flush Price Movements
In the view of Cheeky Crypto, the 81% contraction in open interest will go a long way toward taking the selling pressure off XRP and preventing any abrupt price action in the immediate future.
Then there is the matter of past ‘flush’ events, when open interest has been known to nosedive; XRP has posted an average 6% rebound in the week after. But as the channel is quick to point out, over the course of a month the coin has given back roughly 3%, so any short-term optimism is not necessarily a recipe for lasting gains. For a trader weighing the prospects of consolidation or a fresh rally in the weeks ahead, this is useful context from their analysis.
Market Sentiment Remains Bullish on Binance
Binance is another story entirely, with no shortage of bullishness among its users. Cheeky Crypto notes that 75 percent of XRP accounts there are still betting on the price to go up. While such resilience in the wider community may support XRP even as futures exposure wanes, it would be prudent for those in the market to keep a watchful eye on the interplay of leverage and open interest and see how things develop.
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