Overview

• XRP is trading around $3.12 after a 1.8% drop in 24 hours and a 10% weekly decline, holding above its key $3.07–$3.12 support zone on $5.6 billion of daily volume.
• Whale investors purchased 60 million XRP in a single day, reflecting buy-the-dip sentiment during the recent pullback.
• Futures open interest in XRP has fallen from a peak of $11.2 billion in early July to about $8.6 billion, signaling reduced leverage in the market.
• Coinbase Institutional will launch nano XRP perpetual futures for U.S. traders on August 18, offering contracts that represent 500 XRP and settle in U.S. dollars.
• PayPal has enabled XRP payments for U.S. merchants, allowing direct checkout spending with automatic fiat settlement to expand real-world usage.