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XRP open interest falls as liquidity rebounds, market signals mixed

XRP has risen sharply from its August low, but derivatives open interest on major exchanges has fallen. Data cited by The Crypto Basic showed Binance liquidity turnover climbed to about $4.6 billion, while open interest on Bybit and Binance declined. CryptoQuant analyst Amr Taha said Bybit open interest swung from a 61 million XRP rise to minus 37.5 million XRP by Sept. 12 as prices climbed. Analysts said falling open interest alone does not determine market direction.