Investment
Features
FeesSafety
Academy
More
Pluang+

XRP open interest drops 14% after $14.2M liquidations; XRPL assets surge ahead of Senate CLARITY Act vote

Market News
08 Sep 2026
Blockonomi
View Source
Bullish
XRP open interest drops 14% after $14.2M liquidations; XRPL assets surge ahead of Senate CLARITY Act vote

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.

More News (XRP)

XRP longs surge 12 points as ETH longs decline, showing shifts in crypto futures positioning.

XRP longs surge 12 points as ETH longs decline, showing shifts in crypto futures positioning.

On October 11, XRP's coin-margin long positions increased significantly by 12 percentage points to 78.32%, while Ethereum's long positions declined in both coin-margin and USDT-margin markets. Bitcoin and Solana also saw notable increases in long pos...

Technical Signals
Neutral
9 hours ago
Ripple CEO bullish on XRP, citing payment utility and growing institutional use.

Ripple CEO bullish on XRP, citing payment utility and growing institutional use.

Ripple CEO Brad Garlinghouse expressed strong confidence in XRP, highlighting its fast transaction times, low costs, and growing adoption by financial institutions. He owns a significant amount of XRP but did not disclose specifics, and also holds Et...

Protocol Fundamentals
Bullish
9 hours ago
Ripple CEO Brad Garlinghouse is bullish on XRP, citing its growing financial utility and institutional adoption.

Ripple CEO Brad Garlinghouse is bullish on XRP, citing its growing financial utility and institutional adoption.

Ripple CEO Brad Garlinghouse reaffirmed his strong confidence in XRP throughout 2026, highlighting its speed, low costs, and scalability as key advantages. He personally owns a significant amount of XRP and views it as central to Ripple’s strategy fo...

Market News
Bullish
9 hours ago
Avalanche founder warns AI could expose costly security flaws in XRP Ledger before cryptography breaks

Avalanche founder warns AI could expose costly security flaws in XRP Ledger before cryptography breaks

Emin Gün Sirer, founder of Avalanche, warned that AI might soon uncover hidden software vulnerabilities in the XRP Ledger, potentially allowing attackers to steal billions before current cryptographic methods become obsolete. His caution highlights a...

Market News
Bearish
11 hours ago
Bitcoin ETF demand slows but still supports price recovery amid volatile flows in early October.

Bitcoin ETF demand slows but still supports price recovery amid volatile flows in early October.

Bitcoin ETFs have seen a slowdown in demand after nearly three years, though they continue to support Bitcoin's price recovery with positive net inflows of 30,000–40,000 BTC over the past month. Early October showed volatile ETF flows, with large inf...

Market News
Neutral
11 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App