XRP experienced a 14% decline in open interest, falling from $558 million to $478 million, following $14.2 million in two-way liquidations that affected both long and short traders. Funding rates turned negative, ending a 14-session streak of positive funding, while Binance's XRP reserves remained steady despite a 91% drop in deposit addresses. Meanwhile, the XRP Ledger's recorded asset value surged from $99 million in Q1 2025 to $4.26 billion in Q2 2026, with RLUSD stablecoin transfers rising 925% year-over-year, indicating growing institutional activity. Analyst Dark Defender highlighted that XRP's price pattern is mirroring previous rallies from 2014 and 2017, suggesting a potential major price jump ahead of the Senate vote on the CLARITY Act scheduled for September 15, which could impact market structure legislation.
Bitcoin's price increased by 0.31% to $81,801, standing out as the only major cryptocurrency to gain amid a 2.75% drop in the total crypto market value to $2.76 trillion. Ether, XRP, BNB, Solana, and Dogecoin all saw declines, with Dogecoin experienc...
On October 17, open interest in crypto derivatives fell across five major assets, with Solana experiencing the largest drop of 6.59% to $895 million. Bitcoin maintained the highest open interest at $7.62 billion despite a 1.50% decline, while Ether h...
Bitwise's XRP ETF has reached $541 million in net assets as of October 17, with total investor inflows since launch hitting $684.73 million. This reflects growing institutional interest in regulated crypto investment products, allowing investors to g...
XRP is currently trading above a key support level of $1.25, holding steady around $1.29 as of October 17. Technical analysis suggests that if XRP falls below $1.25, it could potentially decline further to $0.80. The chart also shows a possible doubl...
U.S. spot XRP ETFs experienced about $1.84 million in net outflows from October 12 to 16, breaking a 13-week streak of positive inflows. The outflows followed a strong week ending October 9, which saw $11.31 million in net inflows. Despite the recent...
