XRP Slides to $1.38 as Futures Open Interest Hits $511M

XRP declined 2.48% over 24 hours and 8.28% over the past week to trade near $1.38, according to CoinGecko data. Daily trading volume stood at $2.15 billion, with the token's market capitalization reaching roughly $86.8 billion based on a circulating supply of approximately 63 billion XRP. A later market snapshot placed the asset closer to $1.36.

Technical Indicators Test $1.30 Support

The token has struggled to maintain gains above the $1.45–$1.50 range following a retreat from levels above $2.20 in late 2025. On the daily chart, immediate support sits near $1.30, with a secondary support level identified around $1.20. Key overhead resistance remains concentrated between $1.45 and $1.50, while a sustained move above $1.60 would be required to strengthen a broader recovery structure.

Momentum metrics reflect weakening demand. The Relative Strength Index stood at 43.28, below its moving average of 49.61, remaining beneath the neutral 50 threshold without breaching the oversold boundary at 30. Simultaneously, the Moving Average Convergence Divergence indicator showed its main line at -0.01196 beneath the signal line at 0.00763, with the histogram printing -0.01959 to confirm negative momentum.

Futures Open Interest Reaches Eight-Month Peak

Despite the spot price decline, Binance derivatives data revealed increased positioning over the past month. According to CryptoQuant analyst Arab Chain, the 30-day average open interest on Binance XRP futures reached an eight-month high of approximately $511 million.

However, daily open interest subsequently contracted to roughly $467 million while XRP traded near $1.41. The $44 million decrease below the monthly mean coincided with a 30-day rolling open interest Z-score of -0.99, indicating that current outstanding contracts stand nearly one standard deviation below the recent average as traders close positions or reduce leverage demand.

Key facts

• XRP fell 2.48% in 24 hours to $1.38, posting an 8.28% seven-day decline.
• Daily trading volume reached $2.15 billion, supporting a market cap of $86.8 billion.
• Binance XRP futures 30-day average open interest hit an eight-month peak of $511 million.
• Daily open interest fell to $467 million, registering a Z-score of -0.99.
• Daily RSI measured 43.28, while immediate chart support sits at $1.30.