XRP traders bet on a rebound as price slips to $1 and bearish chatter surges

CryptoInfo Editorial Team · Published on August 17, 2026 at 04:43 · Updated on August 17, 2026 · 1 min read

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Key Takeaways

→XRP traders on Binance and OKX are leaning heavily long, betting on a rebound
→Futures open interest has climbed to $2.78 billion
→Social sentiment towards XRP has hit a three-month low

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

XRP traders are betting on a rebound as the price slips to $1, despite bearish chatter surging and social sentiment hitting a three-month low.

According to reporting from CoinDesk, futures open interest climbed to $2.78 billion and traders on Binance and OKX leaned heavily long.

This shift in trader sentiment comes as the overall social sentiment towards XRP has reached a three-month low, indicating a surge in bearish chatter.

Source: CoinDesk ↗

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