XRP (CRYPTO: XRP) is seeing fresh enterprise adoption even as derivatives activity cools, and Binance open interest plunges to three-month lows.
Made In America Picks XRPL
According to a SEC filing on June 26, Made in USA Inc. is developing a blockchain-based product authentication platform on XRPL to verify the origin of American-made goods and combat counterfeit products.
The company acquired the platform’s technology stack from an affiliate in a $25 million all-stock transaction, TheStreet reported on Thursday.
The system, which remains under development, combines AI-powered verification with public and private XRPL infrastructure alongside Hyperledger technology.
The platform is designed to help manufacturers, distributors and retailers securely track product origin while anchoring authenticity records on a public blockchain.
This step expands XRPL’s enterprise use cases beyond payments into supply-chain verification and digital certification.
XRP Activity On Binance
In an X post on July 9, CryptoQuant data shows XRP futures activity on Binance has cooled considerably.
Open interest has declined to roughly 397 million XRP, the lowest level in more than three months, alongside XRP’s slide toward $1.09.
A decline in open interest typically indicates traders are closing positions or opening fewer new futures contracts. Combined with falling prices, it often reflects weaker risk appetite, declining leverage and reduced participation from derivatives traders.
While lower open interest is not inherently bearish, it frequently signals a period of market repositioning as investors await stronger directional catalysts.
The contrasting trends highlight a divergence between XRP’s long-term utility story and short-term speculative positioning.
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