XRP continues to display signs of weakening market conditions, as key indicators suggest that sellers remain in control, according to the latest analysis from CryptoQuant.
The data show Open Interest has dropped to $350.6 million, one of its lowest levels in recent months, indicating that traders are closing futures positions and reducing leverage.
While lower Open Interest can sometimes ease selling pressure by flushing out leveraged positions, CryptoQuant said it is not the case this time because capital is also leaving the broader market.
The analytics firm also added that the trend is not limited to futures activity but also reflects a lack of meaningful new money entering the asset. The firm stated that traders are exiting positions without being replaced by fresh capital, leaving the market with weaker overall participation.
On-chain data also does not yet point to a stronger recovery. XRP’s NVT Ratio remains elevated at 162.86, suggesting that network activity has not increased enough to justify a higher market valuation.
According to the analysis, the combination of falling Open Interest and a persistently high NVT Ratio paints a consistent picture of weakening market conditions. CryptoQuant said investor risk appetite has declined significantly, and participants appear exhausted. This has left XRP’s price action tilted in favor of sellers.
On the institutional front, US-based spot XRP ETFs recorded $7.3 million in outflows on July 8th, although the funds have generally held up better than their Bitcoin and Ethereum counterparts.
Despite the weak market outlook, XRP continues to see strong real-world adoption in parts of Asia. Earlier this week, Japan’s SBI VC Trade said companies are increasingly adding XRP alongside Bitcoin to their treasury reserves and shareholder benefit programs. The crypto asset also remains one of the most actively traded cryptocurrencies in South Korea.
Ripple also expanded XRP’s visibility this week by securing the first crypto sponsorship of a major US college athletics program. Under the partnership, the University of Kansas Jayhawks will display the asset’s logo on game jerseys beginning this fall.
The post XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate appeared first on CryptoPotato.
小靓分析：
🦊 小靓解读
XRP链上数据亮起红灯，持仓量跌至3.5亿美元低位，资金持续外流，卖方主导地位未改。📉
📊 市场影响
低持仓叠加资本离场，短期反弹动能不足，XRP可能继续承压测试支撑位（约0.45-0.48 USDT）。若新资金不进场，下跌风险仍在。
💡 操作建议
建议观望为主，避免追空。若持仓量回升或大额流入出现，可轻仓试多，但需设好止损（如0.43 USDT以下）。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。