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XRP traders bet on rebound as price nears $1 despite bearish sentiment and rising futures interest.

Market News
17 Aug 2026
Coindesk
View Source
Neutral
XRP traders bet on rebound as price nears $1 despite bearish sentiment and rising futures interest.

XRP is trading around $1 while futures open interest and trading volumes increase, with traders on Binance and OKX holding heavily leveraged long positions. Despite this bullish positioning, social media sentiment toward XRP has turned the most negative in three months. Network activity is rising with nearly 50,000 active addresses in 24 hours, signaling increased usage. Analysts warn that if XRP falls below $1, forced selling from overleveraged long positions could occur, potentially pushing the price lower.

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Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

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