XRP’s sell pressure is on the lower side, so why is the market still weak?

AMBCrypto2026/07/10 07:03

By:AMBCrypto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

XRP has been looking weak lately, with activity across the board slowing down. In fact, traders aren’t as willing to take on new positions as they were, with demand yet to push up again too.

Here’s what you need to know.

XRP OI falls as demand takes a hit

XRP’s Open interest across all exchanges fell to around $773.5 million; that’s a huge drop from levels above $1 billion in May.

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 50px; transition: min-height 0.3s ease; } } @media only screen and (min-width: 640px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 90px; } }

XRP’s sell pressure is on the lower side, so why is the market still weak? image 0

Source: Cryptoquant

On Binance alone, the OI fell to nearly $350.6 million. So, it’s clear that leveraged traders may be reducing exposure.

XRP’s sell pressure is on the lower side, so why is the market still weak? image 1

Source: Cryptoquant

Lower Open Interest may help reduce some liquidation-based pressure, but there hasn’t been enough participation. XRP’s market cap fell to about $10.89 billion too, so new capital is not entering the market either.

Meanwhile, the NVT ratio being elevated impied that network activity was yet to be strong enough for recovery.

Exchange reserves fall too

Binance reserves fell to around 2.62 billion XRP as well. There’s not enough tokens available to sell.

XRP’s sell pressure is on the lower side, so why is the market still weak? image 2

Source: Cryptoquant

In theory, lower exchange reserves can help sell-side pressure in the short-term. However, the fall does not mean investors are buying, or that a price recovery could be close.

For now, there’s limited support. Buyers may need to return in strength before the trend improves.

And they’re not being matched by whale activity…

Finally, XRP whale-to-exchange flows have mostly stayed low, despite the occasional spike. After rising to nearly 27,000 in early July, the latest reading dropped to just 82.

Such a reading reduces the risk of whale selling.

XRP’s sell pressure is on the lower side, so why is the market still weak? image 3

Source: Cryptoquant

However, a weak market cap and the higher NVT still alluded to less demand and network activity.

For a stronger recovery, XRP may need OI to stabilize alongside price, new capital to return to the spot market, and on-chain activity to improve.

Until then, lower reserves and whale flows will reduce sell pressure, but not confirm a bullish reversal.

Final Summary

XRP’s OI fell with weak participation and declining market cap.
Binance reserves also dropped alongside whale flows on the charts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.

华尔街见闻•2026/11/11 21:18

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?

The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.

华尔街见闻•2026/11/11 21:18