XRP slips below $1.07 as $3M longs get liquidated, but ETF buyers keep stacking sats 🪨

XRP fell 2.8% to roughly $1.07 over the 24-hour session ending June 25, 2026, extending a selloff that briefly pushed the token to an intraday low near $1.0446. The breakdown came at 13:00 UTC, when volume spiked to 117.26 million XRP and drove price through support at $1.0850, a level that has since flipped from support into resistance. Every failed bounce has kept $1.00 firmly in focus, with traders now treating the $1.05–$1.07 band as the line of defense.

The decline was amplified by a wave of long liquidations totaling nearly $3 million, including about $4.5 million on Binance alone as leveraged buyers were forced out of their positions. Derivatives data reflected the unwind: Binance Open Interest fell to roughly $205 million, its lowest since March 22, while Bybit Open Interest dropped to around $185 million. Open Interest more broadly declined from approximately $1.18 billion to $1.04 billion, and Funding Rates turned sharply negative, signaling entrenched bearish positioning. Despite the flush, Binance reserves have remained stable, indicating that spot holders have not been liquidating aggressively.

Even as price action deteriorated, XRP-focused exchange-traded funds continued to absorb supply. Net inflows reached 4.82 million XRP in week 26, lifting total ETF holdings by nearly 10% to 938.73 million XRP, equivalent to roughly 1% of circulating supply. Each new ETF creation requires the purchase of additional spot XRP, tightening the float available on the open market. ETF-related valuation, however, slipped from above $1 billion to about $989 million, indicating that institutional accumulation has outpaced the token's market value. The CD5 index dropped nearly 3% in tandem with the broader pullback that hit bitcoin and major altcoins.

Technicians continue to frame $1.05–$1.10 as the critical zone, with a break below it likely refocusing attention on the $1.00 psychological level. The bounce from the $1.04 area was weak, with rallies stalling near $1.073–$1.075 and volume fading before bulls could challenge the breakdown zone. The Sharpe Z-Score has slid deeper into negative territory, mirroring readings seen before the November 2024 breakout and the July 2025 rally, and XRP remains well below its 200-day moving average near $1.03. Bulls would need to reclaim $1.0850 and then $1.10 to suggest that the latest breakdown was merely another shakeout within a multi-year falling wedge structure.