Main notes
- The XRP price slips 14 % of its highest monthly levels amid the leverage relaxation.
- Open futures decrease $ 2.4 billion in less than two weeks.
- Whales won 60 million XRP on July 29, despite fears of low prices.
Xrp
Xrp
$ 3.11
24 hours fluctuation:
1.3 %
The maximum market:
$ 184.06 b
Folder. 24h:
$ 5.58 b
He decreased by 14 % since the increase of July 18 from $ 3.66, and is currently trading at $ 3.13. This correction follows a march of 68 % of $ 2.17 earlier in July, largely driven by the positions of the useful futures.
However, as the price began to calm, Open interest in futures XRP contracts It decreased from the height of $ 11.2 billion to the current level of $ 8.5 billion. This indicates a significant decrease in the leverage in the market, where traders explore new encryption projects.
This slide indicates 21 % at the open interest that many traders either closed or liquidated their locations. As a result, traders are speculating in successive references and that some analysts warn that XRP may decrease to less than 2.60 dollars in the event of continued volatility.
Despite these concerns, the whale governor accumulated 60 million XRP on July 29, and analyst Ali Martinez noted. This indicates that the largest players consider the current correction as an opportunity to buy.
The whales bought 60 million $ Xrp In the last 24 hours! pic.twitter.com/i9nev76fhj
Ali (ali_charts) July 29, 2025
ETF hopes that optimism prevails in the long run
Meanwhile, Coinbase recently announced that it will launch Nano XRP and Sol Perpetual Future for American merchants starting August 18. The Nano XRP 500 XRP contract will represent and will be settled in US dollars, with the expiration date in December 2030.
The launch of August 18.
Nano $ Sol & nano $ Xrp The US Future Permanent style comes to Coinbase derivatives.
The expansion of our permanent -style product wing is another milestone in our mission to redefine access to the markets for American investors.
Coinbase Institutional
(Coinbaseinsto) July 29, 2025
With tight and unrelated business differences of $ 0,0001, the contract is designed for more granular exposure to XRP price movements.
These developments maintain the upper -term emotions between long -term holders, even as merchants remain in the short term cautiously amid a decrease in open interest.
XRP merchants are close to support
On the daily chart, XRP withdrew From the upper Bollenger Band and is now testing the medium range (20 days SMA) near $ 3.12. The collapse below this support area may lead to the code to the bottom range near $ 2.67.
XRP price chart with RSI and Bollennger | Source: TradingView
The relative strength index is also cooled from excessive peak levels and is now sitting at 57, indicating a neutral momentum. However, the continuation of the negative side on the RSI is generally associated with a declining pressure.
Merchants should monitor the decisive area of 3.00 – 3.12 dollars, above and which XRP can govern the bullish momentum. Resistance remains at $ 3.66, which is the highest level in July.
XRP exceeds 3 dollars, as it picks up to check6900 Pressale
While XRP remains fixed above the $ 3 sign, the lights turn towards the Meme Coin 6900 code ($ T6900). The project flourishes as a bold indication of the Internet culture, adopts humor, paradox, and rebellion against traditional financial standards.
$ T6900 does not make any promises and does not follow the road map. It is inspired by the viral Spx6900 movement and places itself as a sarcastic response to traditional investment and market behavior.
Pre -sales details:
- index: T6900
- The current pre -preparedness price: 0.006775 dollars
- The amount that has been raised so far: $ 1.44 million
Despite its unique nature, the T6900 Pressale is progressing quickly, which already collects more than $ 1.44 million. The first adoption is bonus with 42 % APY generous to fight symbols during a professional period. This draws attention from the thirsty investors of the return and the fans of the coin alike.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post XRP Futures OI Tank, But Whales Keep Buying first appeared on Investorempires.com.
