XRP News Today: Price Prediction Amid Leverage Drain, Volatility Ahead

XRP is trading near $1.40 today, holding steady after a wild few weeks. In the latest XRP news today, leverage is cooling off fast, but the coin is still sitting well above where it started the summer.

This XRP price forecast breaks down what that cooling means for where XRP could head next.

Futures open interest has fallen about 14% from its late-August peak. Liquidations have also calmed down a lot compared to a few weeks ago. 

Traders call this a "compression" phase. It usually comes right before a bigger move, though nobody can say for sure which way.

Below, we break down the latest XRP news, funding rates, and on-chain data shaping XRP today.

XRP Price Today: Latest Numbers

As of September 7, 2026, XRP is priced around $1.4049, down about 0.73% on the day. The coin's market cap sits near $88.03 billion, keeping it in the top five cryptocurrencies by size. Circulating supply stands at 62.74 billion XRP out of a 100 billion max supply.

Spot volume over the past day came in near $589.46 million. Futures volume is much larger at $3.24 billion, up close to 11% from the prior session.

Open interest is around $3.10 billion, down about 1.08% in the last day, adding to the broader pullback from August highs. Options volume also slipped, down roughly 10% to $1.07 million, with options open interest near $80.51 million.

The long/short ratio over the past 24 hours sits at 0.99, close to balanced. But individual exchanges tell a different story. On Binance, the XRP/USDT long/short ratio by accounts is 2.37, and top traders there show a long/short ratio of 2.75 by accounts and 2.18 by positions.

OKX shows a similar lean, with a long/short ratio of 2.44. In short, retail and top traders on major exchanges are still positioned heavily long, even as the broader market looks balanced.

Liquidations tell a similar story. Over the past 24 hours, $4.03 million in positions were liquidated, split between $3.50 million in longs and $524,230 in shorts.

Looking at shorter windows, the 1-hour liquidation total was $8,070, almost all from longs. The 4-hour total reached $1.28 million, again dominated by long liquidations near $1.25 million, while the 12-hour total climbed to $2.42 million, with $2.15 million from longs and $270,700 from shorts.

On the daily chart, XRP opened at $1.4235, hit a high of $1.4316, dipped to a low of $1.3880, and closed near $1.4048, down about 1.31% on the session. Volume on that candle was 52.11 million XRP.

XRP News Today: Why Funding Just Turned Negative

XRP funding rates flipped negative on September 5, printing -0.002 after 13 straight positive sessions. That is a notable shift.

Negative funding means short sellers are now paying longs, a sign that bearish bets have picked up. Around $8.23 million in long positions got liquidated that day, the biggest single wipeout in weeks. Price snapped back to about $1.399 right after.

At the same time, a large XRP inflow of 3.02 million tokens hit exchanges on September 2. On-chain data from CryptoQuant puts the figure even higher for that session, at 3.62 million XRP, which made up about 48% of the entire week's inflow total in a single session.

Big exchange inflows can sometimes hint at sellers preparing to cash out, though it is not a guaranteed signal.

CryptoQuant data also shows estimated leverage ratio easing while transfer activity on Binance's channel stayed quiet during the same stretch, another sign that traders are de-risking rather than adding fresh leveraged bets.

Is XRP Open Interest and Leverage Falling?

Yes. Open interest has dropped about 14% from its late-August peak, according to derivatives data. Liquidations have also shrunk compared to the surge seen right after XRP's rally.

The long/short ratio currently sits close to 0.99, meaning the market is nearly balanced between bulls and bears. Some major exchanges still lean slightly toward longs.

Over the past 24 hours, about $4.03 million in positions got liquidated. Of that, $3.50 million came from longs and roughly $524,000 from shorts. This shows that leveraged long bets are still taking the bigger hits.

Analysts tracking this pattern describe it as a lower-leverage consolidation phase. Historically, these quiet periods tend to end with a sharp move, though the direction is not fixed in advance.

This is one of the bigger stories in XRP news right now, since it shifts the setup from a leverage-driven rally to a wait-and-see market.

What Do XRP's Technical Charts Show?

XRP is holding above its 20, 50, 100, and 200-day EMA cluster, and price sits near $1.40. RSI remains above 50, which suggests bullish momentum has not fully faded.

Resistance sits in the $1.45 to $1.50 zone, lining up with a descending trendline. A daily close above that area could open the door toward $1.55 to $1.65, with $1.70 as a further target some chart watchers are eyeing.

On the downside, the $1.35 to $1.31 range is the key support zone. XRP has failed to reclaim its 50-week EMA for three straight weeks, and the weekly Stoch RSI looks overbought and may be rolling over. The 20-week EMA near $1.29 is being watched as a support floor.

A daily close below $1.30 would weaken the current bullish structure and could open a path toward $1.25 to $1.20.

Is XRPL Network Activity Growing?

Yes, and by a wide margin. Data shared by Evernorth shows stablecoin and tokenized asset value on the XRP Ledger jumped from an average of $99 million in Q1 2025 to $4.26 billion by Q2 2026, a roughly 43-fold increase over six quarters.

Tokenized assets on XRPL averaged $3.72 billion in Q2, up more than 3,000% year-over-year. RLUSD supply averaged $539 million, up 642% year-over-year.

Retail-focused metrics, like active account counts, have weakened somewhat. But XRP traded per active account remains far above 2025 levels, suggesting fewer users are moving more value.

Separately, the t54 XRP x402 Accelerator has processed over 200,000 payments per day since September 1, with a 7-day average of 172,000. This points to real, growing usage tied to agentic payment systems on XRPL, one of the more bullish threads in XRP news this month.

XRP Price Prediction: What Could Happen Next

The current setup looks like a classic squeeze between shrinking leverage and rising network usage. Futures positioning has cooled sharply since August, which usually means the market has less fuel for a violent move in either direction, at least for now.

Chart watchers point to a bullish consolidation structure, with $1.45 as the level to watch for confirmation. A break higher could target $1.55 to $1.70. A slip under $1.30 would flip the near-term bias more cautious, opening room toward $1.20 to $1.25.

Some traders also flagged a longer-term pattern. XRP swept the $1.00 level in May and has now confirmed contact with a 2-week Gaussian channel, a setup some say has historically lined up with local bottoms roughly every three years, pointing to similar chart contact points in 2017, 2020, 2023, and now 2026. This is a technical observation, not a forecast.

Zooming out, the growth in XRPL's tokenized asset base and stablecoin supply gives the network a stronger fundamental backdrop than it had a year ago. Whether that translates into price gains depends heavily on broader crypto market conditions and how leverage rebuilds from here.

This is a technical and data-based scenario, not a guaranteed prediction. XRP's next move will likely hinge on whether buyers can clear $1.45 with real volume, or whether sellers drag price back under $1.30.

As always with any XRP news prediction, treat these levels as guideposts, not certainties, and keep watching how XRP trades around them today.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and prices can change rapidly. Always do your own research and consult a licensed financial advisor before making investment decisions. Past performance and technical patterns do not guarantee future results.