XRP News Today: XRP Open Interest Drops $2.4 Billion as Price Retreats to $3.18

XRP’s open interest has seen a sharp decline, dropping nearly $2.4 billion in a few days following a price peak of $3.65 on July 18, 2025. This reduction in open interest coincided with a price pullback to around $3.18, signaling a significant withdrawal of speculative capital from the market [1]. Despite the sharp drop in leverage, XRP has shown resilience, maintaining a key demand zone near $3.10–$3.20, which analysts consider a critical support range [2]. If this level is not breached, it could indicate strong underlying buying pressure and position the asset for a potential rebound.

The recent decline in open interest has been attributed to a rotation of capital toward Ethereum, which saw a 11% price rebound from key support levels. This shift led to a 13% price correction in XRP, yet the price has remained stable in a consolidation range, suggesting market absorption of selling pressure [2]. The current price behavior mirrors previous bullish patterns where XRP rallied after similar open interest fluctuations, with historical data showing an 80% surge from a $2 base following a $4 billion to $10 billion increase in open interest [2].

Market observers have highlighted that the drop in open interest reflects a reset rather than a fundamental rejection of XRP’s price trajectory. The asset has held key moving averages and shown signs of consolidation, which could indicate a repositioning phase ahead of potential macroeconomic catalysts, such as the upcoming Federal Reserve interest rate decision [4]. The $3–$3.10 range has become a focal point, with nearly $30 million in positions concentrated within this corridor, suggesting a high level of short-term trading activity [3].

While the near-term outlook remains cautious, some analysts have projected a bullish breakout scenario for XRP, particularly if there is clarity around Ripple’s legal challenges and the potential approval of XRP-based ETFs [6]. However, these projections are speculative and have not yet materialized. The market is currently focused on whether XRP can stabilize near current levels without a further reduction in open interest, which has historically hindered broader recovery attempts [8].

The broader cryptocurrency market is also experiencing a trend of reduced leverage, with Bitcoin derivatives showing signs of deleveraging as open interest in BTC futures has declined. This broader trend of caution appears to be influencing XRP, with traders likely preparing for increased volatility ahead of key economic events [9].

XRP’s price action and open interest dynamics suggest that the market is undergoing a near-term reset. Traders and investors are closely monitoring whether the $3.10–$3.20 support zone can hold, as it may determine the next phase of the asset’s price movement.

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Sources:

[1]title1: XRP Loses $2.4 Billion In Open Interest In Just A Few Days (https://www.cointribune.com/en/crypto-xrp-loses-2-4-billion-in-open-interest-in-just-a-few-days/)

[2]title2: XRP Price Risks $3 Breakdown as Ripple Co‑Founder's ... (https://www.binance.com/en/square/post/07-30-2025-xrp-news-xrp-price-risks-3-breakdown-as-ripple-co-founder-s-175m-transfer-triggers-sell-off-27644319020769)

[3]title3: Max Pain Zone Locks XRP in $30 Million Trap (https://u.today/max-pain-zone-locks-xrp-in-30-million-trap)

[4]title4: Bitcoin, Ethereum, XRP, Dogecoin Under Pressure As ... (https://www.aol.com/bitcoin-ethereum-xrp-dogecoin-under-132642402.html)

[6]title5: XRP price prediction: is a 500% rally coming back as ETF ... - AI (https://ai.economictimes.com/news/international/us/xrp-price-prediction-is-a-500-rally-coming-back-as-etf-buzz-grows-and-ripple-nears-sec-win/articleshow/122976859.cms)

[8]title6: Ripple (XRP) Price Might Be Set To Hit $5 This Year, But ... (https://www.mitrade.com/insights/news/live-news/article-3-990819-20250728)

[9]title7: Bitcoin Stalls in $117K–$120K Corridor as Fed, Tariffs & On ... (https://www.tradingnews.com/news/bitcoin-price-stalls-in-117k-usd-120k-usd)