XRP remained above its 200-day average but traded below shorter-term trend measures as derivatives open interest rose during the decline.
At $1.37, XRP would need to rise about 265% to reach $5, valuing its circulating supply at roughly $315.5 billion.
XRP price trades near $1.38 as futures open interest weakens. Analysts identify $1.30 support and discuss possible recovery targets for 2027.
About 86% of the liquidations involved bullish positions as semiconductor stocks fell across Asia, intensifying pressure on leveraged crypto traders.
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage.
XRP bulls are running out of room as the token tests a support zone that could separate an ordinary correction from a deeper breakdown. XRP traded around $1.40 on Monday after falling from roughly $1.66 in late September and briefly touching $1.32 last week. The rebound has prevented a confirmed breakdown, but the technical picture remains fragile. The immediate danger sits around $1.35-$1.38. A decisive daily close below that area would expose $1.30 again and make the bearish $1.25 scenario increasingly difficult to dismiss. Why XRP's $1.35 support matters now Several technical levels are packed into the same area, making the next daily close unusually important.
Binance's spot-to-futures volume ratio fell to 12.7%, while U.S.-listed spot XRP ETFs recorded $11.31 million in weekly net inflows.
XRP's price recovery has not revived spot trading. In fact, CryptoQuant data revealed that futures activity is dominating Binance's market by a significant margin.
The flaw could have created 18.45 trillion XRP in one transaction. ZachXBT criticized the maximum payment as too small for the risk.
The move was measured at 9:49 p.m. ET Monday on Binance's XRP/USDT spot market, while XRP remained down 3.64% over 24 hours.
Eligible institutions can now safeguard Ripple's RLUSD on the XRP Ledger through Standard Chartered's digital asset custody service. The launch expands bank-based stablecoin infrastructure, with a planned LMAX integration targeting future use as trading collateral.
Evernorth began Nasdaq trading today, giving stock market investors access to a company built around an actively managed XRP treasury. The listing brings approximately 473 million XRP into a publicly traded business pursuing strategies to increase its cryptocurrency holdings per share.