XRP Falls Near $1 While ETF Buyers Test A Weak Spot Market

XRP (XRP) fell to $1.02 after long liquidations accelerated, even as ETF inflows tightened token supply and exposed weak spot demand.

Key Points:

• XRP fell to $1.02 after leveraged buyers lost control and long liquidations accelerated.
• ETF holdings rose to 938.73M XRP, tightening available supply despite weak price action.
• A durable recovery still depends on broader spot demand returning to the market.

XRP Liquidations

According to an analysis written by Muriuki Lazaro and reviewed by Saman Waris, Ripple’s XRP fell after leveraged buyers lost control of the market.

The token first slipped toward $1.07, then triggered nearly $9M in long liquidations on Jun. 25. Binance accounted for about $4.5M of that total, showing how much leverage had built up on one exchange.

As forced selling spread, derivatives traders cut exposure instead of adding new positions.

Binance open interest dropped to nearly $205M, its lowest level since Mar. 22, while Bybit open interest fell to around $185M, according to CryptoQuant data cited in the report. The parallel decline suggests speculative excess has been flushed out, which can ease downside pressure because weak long positions are no longer waiting to be liquidated.