XRP longs got $9M liquidated and even the ETFs couldn't lift it past $1.10 🪤

XRP fell 2.8% to about $1.07 over the 24-hour session ending June 25, 2026, sliding from $1.1020 as sellers pushed through the $1.0850 support level on volume of 117.26 million XRP at 13:00 UTC. Price later reached an intraday low near $1.0446 before a modest rebound carried it back toward $1.07, leaving the token at the lower end of its June trading range with bulls still defending a $1.05–$1.07 band.

The breakdown triggered nearly $9 million in long liquidations on June 25, including about $4.5 million on Binance, as forced selling accelerated. Derivatives traders reduced exposure rather than adding fresh positions, with Binance Open Interest falling to nearly $205 million, its lowest level since March 22, and Bybit Open Interest dropping to around $185 million. XRP at one point declined toward $1.02, its lowest level since early February, before stabilizing.

Even as prices weakened, XRP ETF demand continued to tighten available supply. Net inflows reached 4.82 million XRP in week 26, lifting total ETF holdings by almost 10% to 938.73 million XRP, or roughly 1% of circulating XRP. Each new ETF creation requires spot XRP purchases, gradually reducing the sellable inventory on the open market.

The disconnect between institutional accumulation and broader spot participation has kept valuations under pressure. XRP's valuation has slipped from over $1 billion to about $989 million, even as ETF buying accelerated, leaving the institutional footprint in the market larger relative to the token's market cap.

Technicians continue to flag $1.0850 as the first level bulls need to reclaim to stabilize the chart, with $1.10 remaining the next resistance area. A move back above $1.10 would suggest the latest breakdown was a shakeout, while a break below the $1.05–$1.07 support zone would refocus attention on the psychological $1 level.