XRP News Today: XRP Falls 10.33% as Futures Open Interest Plummets 16.8% Following Sharp Correction

XRP’s recent price action has sparked debate over the sustainability of its bull run, with key indicators pointing to a potential turning point. After reaching a multi-month high above $3.45 last week, the asset has since fallen nearly 10%, with a 10.33% single-day drop on Wednesday marking its steepest correction since April 6. This volatility coincided with a significant decline in XRP futures open interest (OI), which fell to $9.10 billion from $10.94 billion—a 16.8% reduction over two days—suggesting leveraged traders may be exiting positions or facing liquidations [1].

The liquidation event became the third-largest XRP long liquidation on Binance in 2025, erasing approximately $86 million in value within hours [1]. Analysts attributed this to bearish whale activity and a surge in outflows from a wallet linked to Ripple co-founder Chris Larsen. Over 50 million XRP—worth $140 million—were transferred to exchanges since July 15, with 42 million tokens moved on Thursday alone [1]. While this marked a significant increase, it remained below the 84 million XRP withdrawn in the preceding week.

Market structure analysis highlights a critical juncture for XRP bulls. Despite the pullback, the higher time frame trend remains intact, with last week’s rally reaffirming the broader bullish momentum. On the four-hour chart, the immediate focus lies above the $3.00 level, where $2.95–$3.00 acts as a key liquidity zone. A break above $3.25 could signal a bullish shift, establishing $2.95 as a potential local bottom. Conversely, sustained selling pressure might push XRP toward the $2.66–$2.86 range, with strong support at $2.64, a former multi-week resistance level from Q2 [1].

Whale activity remains a focal point. While Cointelegraph previously noted 2,743 wallets holding over 1 million XRP each (47.32 billion tokens, or 4.4% of circulating supply), recent data from CryptoQuant shows a reversal in the 90-day whale flow average. This metric, which turned positive in early May ahead of the rally, has now turned negative, indicating large holders may be offloading assets [1]. The shift could serve as an early signal of a local top.

The interplay between technical indicators and on-chain activity underscores the precarious balance for XRP. Bulls retain control as long as the price holds above $3.00 and $2.64, but a sequential breakdown below these levels could accelerate downside risk. Traders will closely monitor liquidity zones and whale flows to gauge the asset’s trajectory.

Source: [1] [title1: XRP’s bull run might have ended at $3.65: Here’s what must happen to save it] [url1: https://coinmarketcap.com/community/articles/6883c29744d5ab3d177b27b3/]