XRP (XRP) faces reduced selling pressure, but weak demand, falling participation and limited network activity continue to prevent a convincing market recovery.
Key Points:
- XRP open interest fell to about $773.5 million across exchanges, down from more than $1 billion in May.
- Binance reserves declined to roughly 2.62 billion XRP, while the latest whale-to-exchange flow reading dropped to 82.
- Lower selling risk has not produced stronger demand, fresh spot capital or a clear bullish reversal.
XRP Demand Weakness
Open interest across all exchanges dropped to about $773.5 million, marking a sharp retreat from levels above $1 billion in May and showing that leveraged traders have reduced their exposure.
On Binance, open interest fell to nearly $350.6 million.
Lower leverage can reduce liquidation-driven volatility, but the decline also points to weaker participation, particularly because XRP’s reported market capitalization fell to about $10.89 billion as fresh capital remained limited.
The elevated network value-to-transactions ratio added another warning signal, indicating that network activity had not strengthened enough to support a sustained recovery.
Binance’s XRP reserves also declined to about 2.62 billion tokens, leaving fewer coins immediately available for sale and potentially easing short-term sell-side pressure.
That decline alone does not show that investors are accumulating.
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XRP Recovery Signals
Whale-to-exchange flows remained subdued despite an occasional spike, falling from nearly 27,000 in early July to a latest reading of just 82.
The lower figure reduces the immediate risk that large holders will send substantial amounts of XRP to exchanges for sale, but it does not resolve the market’s broader demand problem.
A stronger recovery would likely require open interest to stabilize alongside price, while new capital returns to spot markets and on-chain activity improves enough to bring valuation and usage into closer alignment. Until those conditions develop, lower reserves and reduced whale transfers may limit selling pressure without confirming that buyers have regained control.
The latest readings extend a period in which XRP’s market structure has weakened through declining leverage, reduced capital participation and muted network use, even as the amount of tokens positioned for immediate sale has fallen.
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