Overview
- XRP has retreated to about $1.32 after a late‑August rally and is down roughly 3% on the day and 7% over the past week.
- US-listed spot ETFs added $14 million on Tuesday and have now collected about $1.68 billion in cumulative inflows, with SoSoValue reporting six straight months of net ETF buying totaling roughly $474 million.
- On‑chain activity has climbed sharply even as the price cooled: the XRP Ledger surpassed 3 billion cumulative transactions and on‑chain volume has risen about 200%.
- Derivatives positioning is a key risk factor because CME futures saw heavy trading and a near 40% jump in open interest while leveraged funds are net short the equivalent of about 115.7 million XRP, a mix that could magnify rallies or sell‑offs.
- Traders are watching technical levels and supply events closely as scheduled escrow operations released 1 billion XRP before returning 700 million to escrow and price must hold support near $1.22 to avoid further losses while the 200‑day EMA around $1.35 stands as the next major resistance.