XRP has seen a significant drop in open interest (OI) from over $1 billion in May to around $773.5 million, indicating reduced trader activity and lower demand. Binance's XRP reserves also fell, suggesting less selling pressure but no strong buying interest. Whale activity remains low, reducing the risk of large sell-offs, but the elevated NVT ratio and declining market cap around $10.89 billion show network activity and demand are still weak. For XRP to recover, it needs stabilized OI, renewed capital inflows, and increased on-chain activity, as current conditions suggest limited support and no clear bullish reversal yet.
Ripple has recommended retiring the XLS-38 amendment, a native cross-chain bridge for the XRP Ledger that never activated on mainnet due to low validator support and Axelar handling XRPL-EVM bridging. This move will remove over 10,000 lines of unused...
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Ripple has recommended withdrawing the pending XChainBridge (XLS-38) amendment for the XRP Ledger after deciding that its primary use case—connecting the XRPL mainnet with an EVM-compatible sidechain—is already fulfilled by Axelar. The amendment woul...
US-listed XRP ETFs attracted $28.14 million on August 26, marking the second-largest daily inflow in 2026, led by Bitwise with $13.12 million. Whale wallets accumulated about 460 million XRP tokens, the strongest since February, signaling strong inst...
XRP's derivatives market is experiencing the highest sell pressure of the year, even as open interest and whale-sized orders increase. This indicates a tug of war between buyers and sellers, with futures flow currently dominated by sellers. While XRP...
