Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP faces weakening selling pressure, but weak demand, declining participation and limited online activity still lack support for the market recovery.
XRP\'s open interest has dropped to approximately US$773.5 million, a significant drop from the level of more than US$1 billion in May. Binhang\'s open interest also fell to approximately US$350.6 million. Lower leverage helps reduce volatility caused by forced liquidations, but it also reflects a decline in market participation-in particular, XRP\'s market value has dropped to approximately US$10.89 billion, and new funds remain limited. The ratio of online value to transaction volume continues to rise, sending another warning signal that online activity has not yet strengthened enough to support a sustainable recovery.
Weak demand and falling reserves
The XRP reserve of coins has fallen to about 2.62 billion, which means that there are fewer coins available for immediate sale, which may ease selling pressure in the short term. However, declining reserves alone do not prove that investors are overweight. Whale transfers to exchanges, meanwhile, have fluctuated occasionally but remain low--down from nearly 27,000 in early July to 82 at the latest. This figure reduces the immediate risk of large holders moving XRP to exchanges in large quantities for sale, but does not address the broader demand problem in the market.
Resuscitation signals still need to be observed
A stronger recovery may require open interest to stabilize in parallel with prices, as well as new funds flowing back into the spot market, and on-chain activity to improve to achieve more consistent valuations and usage. Until these conditions are met, reductions in reserves and whale transfers may limit selling pressure, but do not confirm that the buyer has regained the initiative. The latest data shows that even as the number of tokens available for immediate sale decreases, XRP\'s market structure continues to weaken due to reduced leverage, weakened capital participation, and sluggish Internet use.
