XRP is trading near $1.43 after a sharp derivatives-driven pullback erased much of its recent rally, even as spot ETF demand for the token continues to strengthen.
ETF Inflows Hit Seven-Month High
XRP spot ETFs recorded $28.14 million in net inflows on August 26, marking their strongest single-day haul in more than seven months. The inflow streak points to steady institutional appetite even as spot price action turned choppy.
- Net inflows: $28.14 million (August 26)
- Strongest daily inflow in over 7 months
- Total fund inflows remain near $1.62 billion
Derivatives Selling Triggers the Pullback
The retreat followed a near 70% rally over two weeks that pushed XRP toward $1.70. That move drew heavy leveraged positioning, and when sentiment turned, the unwind was swift.
- Over $20 million in long positions were liquidated
- Net buyer volume turned negative, dropping to -$96 million
- Open interest climbed above $3.4 billion, pointing to a crowded market
The Level That Matters Now: $1.40
$1.40 has emerged as the important support zone for XRP. Holding above it keeps the broader uptrend intact, particularly with fund inflows still running strong. A break below $1.40 would open the door to a deeper correction, given how stretched positioning has become.
What It Means for Today
XRP’s next move likely hinges on whether buyers defend $1.40. Steady ETF inflows offer a cushion, but elevated open interest means further volatility cannot be ruled out. A hold above support could set up a retest of $1.60-$1.70, while a breakdown risks accelerating selling toward lower levels.
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