XRP Flow Data: $7.29M ETF Outflow Ends 9-Week Streak, OI Sinks to 397M-Token Low
Spot XRP ETFs posted their largest redemption since March as open interest, ledger activity and funding all point to de-risking, not capitulation.
US-listed spot XRP ETFs posted a net outflow of $7.29 million on July 8 — the largest single-day redemption since March and the first break in a nine-week run of consecutive inflows. The weekly tally through July 10 confirms it wasn’t noise: BTC and ETH products turned positive over the same window while XRP funds closed net negative, a clean divergence that reads as rotation out of the altcoin and back into the two largest crypto assets by cap.
Ledger metrics confirm the pullback
The ETF data lines up with on-chain cooling. Active addresses on the XRP Ledger dropped to roughly 25,350 in a single day, the second-lowest daily print of 2026, while new wallet creation slowed to about 2,130 — the weakest pace since November 2024.
Derivatives positioning moved in the same direction. Open interest on a major exchange fell to approximately 397 million XRP, a three-month low. Falling OI alongside falling ETF flows and shrinking address counts points to traders and allocators trimming exposure rather than adding into weakness — de-risking, not a directional bearish bet.
Price sits at a technical inflection
XRP trades near $1.109, down 0.23% on the day, with 24-hour volume around $432.98 million. On the two-week chart the token is retesting support after completing its breakout from the multi-year symmetric triangle that has bounded price action since 2017; the structure stays technically intact as long as the roughly $0.90 base holds, with projected targets at $3.52 and, further out, $9.27.
Momentum data adds texture. On the weekly chart XRP sits at $1.1018, close to the lower Bollinger Band at $1.0562, with weekly RSI down at 33.78 — deep oversold territory that limits room for further downside pressure. On the monthly frame, price is defending the 20-period moving-average midline at $1.1039, a level that keeps the broader uptrend structurally valid if held.
Funding and positioning skew bullish despite the flow reversal
Funding data offers a contrarian signal: the 30-day average on a leading exchange has gone deeply negative even with XRP trading roughly 70% below its July 2025 peak, meaning shorts are currently paying longs. Historically, that kind of one-sided funding skew has preceded squeezes, though no immediate catalyst is visible yet.
A 42-indicator composite tracked by COINOTAG places resistance at $1.1121 with a 100/100 strength score, alongside a long/short ratio of 3.32 and 76.8% of positioned traders holding long. Taken together, the dataset shows a market where short-term flows and ledger activity are cooling even as positioning and technical structure remain tilted bullish.
Read more: XRP Ledger Activity Diverges From Price: Addresses Sink to 22.9K, New Wallets to 2024 Low