According to CryptoQuant analyst Arab Chain, on June 16, XRP futures open interest reached 486.8 million on Binance, marking the highest level since the beginning of 2026. The 30-day moving average climbed to approximately 484.8 million XRP, its highest in over four months.
The Z-Score index, which measures leverage intensity, stood at 0.19, remaining within its normal historical range. This indicates the surge in activity is driven by measured participation rather than excessive speculation, with traders gradually expanding positions without excessive leverage.