XRP
XRP Open Interest Drops 14% Following $14.2 Million in Liquidations
Derivatives leverage has reset across XRP markets while the underlying XRP Ledger shows rising asset values and stablecoin activity.
A two-way liquidation flush cleared $14.2 million from XRP positions over 48 hours, causing open interest to decline 14% from $558 million to $478 million. Market leverage dropped from 0.203 to 0.182, and funding rates turned negative to -0.002, ending a 14-session positive streak.
Exchange data shows that Binance reserves remained steady near 2.6176 billion XRP, while deposit addresses fell by 91%. The data indicates that the reduction in speculative leverage occurred without an increase in exchange supply or selling pressure.
At the same time, network activity on the XRP Ledger expanded, with recorded asset value growing from $99 million in Q1 2025 to $4.26 billion by Q2 2026. Real-world assets on the network largely reflect registry-style institutional custody, while RLUSD transferred value surged 925% year-over-year alongside increases in holders and trust lines.
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