All news is verified and thoroughly reviewed by leading blockchain experts and seasoned industry insiders.
XRP is trading near $1.11 on July 11, up 0.49% on the day but below its three major moving averages, as the first weekly influx of ETFs since May 1 removes a steadier source of demand from a market already shrinking leverage.
Key takeaways
- XRP ETFs recorded weekly net inflow of $7.18 million on July 10, the first after nine straight positive weeks totaling about $196 million.
- Open interest for Binance
- The XRP Ledger recorded 25,350 active wallets, its second lowest day of 2026, with new wallet creation at its weakest level since November 2024.
- XRP is trading below the 50-day ($1.1648), 100-day ($1.2804), and 200-day ($1.4546) simple moving averages.
US XRP ETFs recorded net outflows of $7.18 million in the week ending July 10, according to SoSoValue dataending a nine-week streak that had generated nearly $196 million in cumulative streams since early May. A reversal is taking place in a derivatives market that has been contracting for a month, and the network is publishing some of its quietest activity readings of the year.
Spot inflows into the market continued to deleverage
The most surprising data of the past week came from Binance spot activity. wrote a CryptoOnchain analyst on CryptoQuant The exchange recorded an exceptional explosion of XRP movement between July 4 and July 8, peaking at 64.9 million XRP inflows versus 49.2 million outflows on July 7. In the analyst’s reading, flows of this magnitude suggest aggressive capital repositioning rather than new directional conviction, and derivatives data supports the more cautious interpretation.
Open interest on Binance actually dropped from over $500 million in mid-June to $431 million by July 4 before falling to $399 million by July 10, representing a roughly 20% drop in less than a month. Long liquidations jumped by 94% on a weekly basis, exceeding their three-month average by 172%, while short liquidations shrank by 53%. The pain in this market has been focused almost entirely on the long side.
Funding rates represent the largest amount of stress in the data set. After briefly turning negative in late June, Binance funding rebounded 266% on a weekly basis to reach 0.007 according to the same analysis. Higher funding versus lower open interest and higher long liquidations suggests that longs that are still entering are paying increasing premiums within a shrinking market, a structure that CryptoOnchain notes has historically been vulnerable to funding rate resets.
The network is quieter for the price
On-chain data eliminates the possibility that silent accumulation could offset the derivatives picture. Santiment Written on X That the
Fine scales soften the image slightly without changing it. Transaction numbers are up about 3-4% over the past week and month, although they are still 21% below their three-month average, and the net value added (NVT) ratio has also declined, which may indicate that network usage is stabilizing rather than deteriorating further. Active addresses are still 11% below the three-month baseline. The stabilization floor is not the same as the order return, and neither data set shows the latter.
The graph compresses the problem to one level
XRP spent July forming a base between roughly $1.01 and $1.05, the area that halted the selling in early June and early July, and the bounce from that area stopped roughly where the trend said it should: The July 5-6 push toward $1.17 was rejected at the bearish 50-day simple moving average (SMA), which now stands at $1.1648. The price at $1.11 lies between these two indicators, with the 100-day price at $1.2804 and the 200-day price at $1.4546 in complete bearish alignment.
This alignment faithfully frames the recovery attempt. Every important moving average is above and below the price, meaning that the highs continue to meet supply at progressively lower levels. July’s 50-day rejection was the third failed recovery attempt since May, each reaching a lower level than the previous attempt.
The upward trajectory requires specific things to happen in sequence. A daily close above the 50-day SMA near $1.16, followed by a successful retest, would represent the first structural breakout to the downside since the spring. The return of ETF inflows into positive territory in the weekly edition of July 17 would be almost as significant, given that the nine-week streak of inflows was the only source of demand that persisted throughout the entire decline. Santiment points to RLUSD growth, token asset activity, and institutional payout volume as catalysts that could bring users back on-chain if momentum improves.
Bearish conditions are equally tangible. A second straight week of ETF outflows will confirm that the July 10 reading is a change in trend rather than noise. Underneath the price, a daily close below the $1.05 support shelf would expose the July low at $1.01, and missing that level would put XRP below $1 for the first time since November 2024. The funding structure adds a wildcard: If token longs push a sharp reset while open interest continues to drain, the move could be rapid rather than gradual, as the 94% weekly jump in already long liquidations on a smaller scale showed.
