XRP fell 1.25% on August 13, trading at $1.01 at the time of writing, as on-chain data pointed to intense selling pressure near the psychological support level of $1. The decline comes even as futures open interest continues to climb, a sign that traders are positioning for a bigger move rather than stepping aside.
Support at $1 Under Siege
Blockchain data shows sellers are actively pushing against the $1 mark, a level that has historically drawn attention from both bulls and bears. The fact that XRP is hovering just above that threshold suggests the next few sessions could determine whether the support holds or gives way. A break below $1 would likely accelerate losses, while a bounce could attract buyers looking for a bargain.
ETF Inflows Stay Muted
Inflows into Ripple-linked exchange-traded funds remain subdued, offering little relief to spot prices. The lack of fresh capital from institutional products stands in contrast to the persistent selling pressure, leaving the market without a clear catalyst to reverse the slide. Traders watching the ETF flow data see it as a gauge of institutional appetite, and for now, that appetite appears limited.
Futures Open Interest Rises Despite the Drop
Derivatives data tells a slightly different story. Open interest in XRP futures is rising even as the spot price falls, which typically indicates new positions being opened rather than old ones being closed. That could mean some traders are betting on a rebound, or it could mean others are adding shorts in anticipation of further declines. The divergence between falling price and rising open interest often precedes a sharp move, though the direction remains unclear.
For now, the market is watching whether XRP can defend the $1 level. If sellers keep pressing and ETF inflows stay weak, the next support could come into play. If buyers step in, the recent slide might stall. Either way, the coming sessions will likely settle the question.
