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Massive XRP transfers to Binance could increase selling pressure, although inflows alone do not prove that investors are selling.
Binance, Bybit and OKX combined for $56.18 billion in XRP futures trading. Binance open interest fell from a six-month high the previous week.
XRP futures trading rose to about $57 billion in September, the highest level in six months, as derivatives activity extended gains from August. XRP rose 30 percent in August and added 7.94 percent in September, prompting traders to increase leveraged futures positions. Binance led September trading with about $32.36…