XRP is currently priced at $1.11 as of July 11, reflecting a modest increase of 0.49% within the day. However, this value remains below all three major moving averages, indicating a potential shift in market dynamics.
ETF Outflows and Market Reaction
For the week ending July 10, US spot XRP ETFs experienced a net outflow of $7.18 million, marking the first negative flow since early May. This outflow interrupted a streak of nine consecutive weeks of inflows that totaled approximately $196 million. Analysts suggest that this reversal could significantly impact a market already experiencing reduced use.
Binance has seen a notable drop in XRP open interest, decreasing from over $500 million in mid-June to approximately $399 million by July 10. This decline coincides with a sharp rise in long liquidations, which increased by 94% week-over-week. The situation reflects a contracting derivatives market and a network that has shown some of the lowest activity levels this year.
Market Dynamics and Activity Levels
Between July 4 and July 8, Binance experienced a surge in XRP activity, with inflows peaking at 64.9 million XRP against outflows of 49.2 million on July 7. Analysts interpret these flows as indicative of capital repositioning rather than new market commitments. Funding rates have also shown volatility, rebounding 266% week-over-week, which suggests that those remaining in long positions are facing increasing costs in a tightening market.
On-chain activity has also been subdued, with the XRP Ledger recording only 25,350 active wallets on one of the quietest days of 2026. The creation of new wallets has slowed to its lowest rate since November 2024, further suggesting a lack of interest among new investors.
This material is for informational purposes only and is not financial advice.
