XRP News Today: Open Interest Drops $250M, Will Ripple Hit $1?

XRP is trading around $1.3059 today, up 1.55% in the last 24 hours. The move comes as the wider crypto market tries to bounce back from a recent selloff. That selloff was tied to regulatory doubts and the Federal Reserve's interest rate hike.

This XRP price prediction looks at the charts, the futures data, and the news driving XRP price today. We break down support and resistance levels, ETF flows, and what traders are watching next.

What Is XRP Price Today?

As of now, XRP price today sits near $1.3059, with a market cap of about $82.18 billion. Here is a quick snapshot of the key numbers.

Long and short positioning is close to even, with a long/short ratio of 0.9904. But on Binance and OKX, traders are leaning more long than short.

What Do XRP Long/Short Ratios Show?

Breaking this down by exchange, the picture leans bullish on positioning. Binance XRP/USDT accounts show a long/short ratio of 2.5311, and OKX shows 3.08.

Even Binance's top traders are net long. Their long/short ratio by account sits at 2.9293, while the ratio by position size is 1.7289.

This gap matters. The overall market is close to balanced, but the traders with the biggest accounts on Binance and OKX are clearly positioned long.

How Much XRP Was Liquidated Today?

Liquidation data shows short sellers have taken the bigger hit across most timeframes today.

The 12-hour window stands out. Long liquidations of $500.96K far outpaced short liquidations of $148.49K in that stretch, which lines up with a period of price weakness before the current bounce.

Zooming out to 24 hours, the picture evens out again, with longs and shorts losing roughly the same amount.

Why Is XRP Price Moving Today?

XRP price is recovering along with the broader market. The bounce follows comments from SEC Chair Paul Atkins, who said the agency plans to close regulatory gaps in crypto even after the CLARITY Act bill failed in the Senate.

The bill needed 60 votes and only got 49. Still, Atkins said the SEC can keep moving forward with its Project Crypto plan without new legislation. CFTC Chair Michael Selig backed that view, calling the vote outcome "unfortunate" but noting the CFTC is ready with its own rules.

Are XRP ETF Inflows Still Rising?

Yes. XRP ETFs pulled in $3.5 million on September 16, even as the price dipped that day. The money came from the Franklin Templeton XRP ETF (XRPZ).

XRP led all crypto ETFs in inflows that day. For comparison, Bitcoin ETFs saw $295 million in outflows, and Ethereum ETFs lost $224 million. Only Solana and Hyperliquid ETFs also saw inflows, at $836,000 and $1.67 million.

This marks ten straight days of inflows into XRP ETFs, even with regulatory uncertainty and a tighter Fed policy working against the price.

Why Is XRP Open Interest Falling?

Open interest in XRP has dropped sharply, from $1.128 billion in August to $871.22 million now, according to CryptoQuant data. That is a drop of more than $250 million in under a month.

The CryptoQuant chart shows price and open interest climbing together through mid-August, with both spiking to a local high near $1.5 around August 17 to 20.

Since that peak, open interest has trended lower even as price held up better, which is where today's gap between the two lines comes from.

On Binance, open interest fell from $558 million to $423 million. Bybit saw a drop from $379 million to $291 million over the same stretch.

A falling open interest usually means traders are closing out futures positions, or some got liquidated along the way.

Analyst Arab Chain says this drop does not automatically mean traders are turning bearish. It may just mean traders are cutting exposure or repositioning for the next move.

One sign of caution here: the OI-weighted funding rate on Binance is still positive. That means there are more long positions than short ones, even with fewer total contracts open.

Liquidations over the past 24 hours totaled $9.67 million, split fairly evenly between longs ($4.87 million) and shorts ($4.80 million).

What Are the Key XRP Price Levels to Watch?

Chart data shows XRP sitting in the middle of an 8-hour parallel channel. This channel has a descending resistance line and a descending support line, with price bouncing between the two for weeks.

On the weekly timeframe, XRP is below the 50-week EMA resistance at $1.52 and above the 20-week EMA support at $1.29. This tight squeeze between the two moving averages has been going on for some time.

XRP has also found support near the 0.382 Fibonacci retracement level, which lines up closely with the 20-week EMA.

What Are the Key XRP Price Levels to Watch?

A break above $1.40 could open the door toward $1.60 to $1.70, based on the current channel structure. That would mean clearing both the descending channel resistance and pushing closer to the 50-week EMA.

On the other side, a daily or weekly close below $1.29 would put the $1.00 level back in focus. That is the level bulls do not want to lose, since it has acted as a floor through the recent compression phase.

For now, XRP price sits right in the middle of this range, waiting for a clear break in either direction. The falling open interest suggests traders may be waiting on the sidelines rather than committing to a big directional bet just yet.

This kind of setup, where price coils between two moving averages, often ends with a sharper move once it breaks. But which way it breaks is not something anyone can say for certain right now.

Disclaimer

This article is for informational purposes only and should not be taken as financial advice. Cryptocurrency markets are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.