XRP News Today: XRP Price Dips 15% as $2.4 Billion Open Interest Liquidates

XRP, the native token of the XRP Ledger, has faced a sharp sell-off in mid-to-late July 2025, with its derivatives open interest declining by approximately $2.4 billion in just a few days. The drop coincided with a 15% price correction, as XRP fell from a high of $3.65 on July 18 to around $3.09 [2][4]. This sudden reduction in open interest—dropping from $11.2 billion to $8.8 billion—reflects widespread liquidation of leveraged positions and a shift in sentiment among speculative traders [1][3]. Despite this correction, open interest remains 48% higher than it was a month ago, indicating that long-term bullish exposure has not entirely disappeared [2][5].

The decline was marked by a wave of forced liquidations, with $325 million worth of positions unwound between July 1 and July 25. XRP futures saw a 12% reduction in open interest from its peak on July 18. Although the market is showing signs of partial deleveraging, the continued high level of open interest raises concerns about the potential for renewed volatility. In the event of another sharp price move, whether up or down, the risk of further chain liquidations remains significant [2][6].

Whale activity has played a notable role in the recent price dynamics. On-chain data reveals that large investors accumulated 60 million XRP in a single 24-hour period in mid-July, signaling a strategic move to capitalize on the price dip. This accumulation coincided with a sharp drop in transfers to exchanges—down over 90% since early July—suggesting that selling pressure is abating and institutional confidence is building [6].

From a technical perspective, XRP remains above the $3.00 level and is supported by its 20-day exponential moving average, a positive sign for near-term stability. However, the Moving Average Convergence Divergence (MACD) indicator remains bearish, reflecting ongoing downward momentum. Analysts suggest that a breakout above the $3.30–$3.35 resistance range could trigger a retest of the $3.65 high and potentially lead to a broader bullish movement [6].

The broader macroeconomic environment also influences XRP's trajectory. A U.S.–EU trade agreement has lifted risk appetite across asset classes, while two major U.S. crypto bills—the Clarity Act and the Genius Act—are gaining traction in Congress. These legislative efforts could provide a regulatory boost for XRP and other digital assets by offering clearer legal frameworks and greater institutional legitimacy. Additionally, major investors are reportedly opening new long positions ahead of a key White House policy announcement, indicating growing confidence in XRP's potential [6].

Despite the recent turbulence, XRP's fundamentals remain under pressure. On-chain adoption remains limited, with only $134 million of tokenized assets in circulation on the XRP network—far behind blockchains like Avalanche and Sui in DeFi activity [2]. While the market was buoyed by expectations of a U.S. XRP ETF, no substantial increase in real demand has materialized. Three-month futures continue to trade at a 6–8% premium, reflecting cautious but not overly bullish investor sentiment [2].

In summary, XRP is navigating a period of consolidation. The sharp drop in open interest has triggered a wave of liquidations and a price pullback, but the underlying market structure shows resilience. Whale accumulation, stabilizing price action, and favorable macroeconomic conditions all suggest the possibility of a rebound—if the token can break through its key resistance levels and maintain upward momentum amid evolving regulatory and institutional developments [2][4].

Source:

[1] Cointelegraph - [https://cointelegraph.com/news/3-price-at-risk-why-xrp-was-one-of-the-worst-peformers-this-week](https://cointelegraph.com/news/3-price-at-risk-why-xrp-was-one-of-the-worst-peformers-this-week)

[2] AInvest - [https://www.ainvest.com/news/xrp-news-today-xrp-falls-15-etf-hype-open-interest-dips-21-chain-activity-lags-2507/](https://www.ainvest.com/news/xrp-news-today-xrp-falls-15-etf-hype-open-interest-dips-21-chain-activity-lags-2507/)

[3] Binance - [https://www.binance.com/square/post/276144****9785](https://www.binance.com/square/post/276144****9785)

[4] AInvest - [https://www.ainvest.com/news/xrp-news-today-xrp-open-interest-plummets-2-4b-speculative-positions-unwind-sparking-volatility-fears-2507/](https://www.ainvest.com/news/xrp-news-today-xrp-open-interest-plummets-2-4b-speculative-positions-unwind-sparking-volatility-fears-2507/)

[5] FXLeaders - [https://www.fxleaders.com/news/2025/07/30/daily-crypto-signals-bitcoin-holds-117k-as-xrp-faces-pressure-amid-sec-etf-approvals/](https://www.fxleaders.com/news/2025/07/30/daily-crypto-signals-bitcoin-holds-117k-as-xrp-faces-pressure-amid-sec-etf-approvals/)

[6] Times - [https://timestabloid.com/60-million-xrp-in-24-hours-heres-what-happened/](https://timestabloid.com/60-million-xrp-in-24-hours-heres-what-happened/)