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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/18/2026

XRP Traders Bet on Rebound as Price Slips to $1 and Sentiment Sours

What happened: XRP’s price hovered near $0.

XRP Traders Bet on Rebound as Price Slips to $1 and Sentiment Sours

What happened: XRP’s price hovered near $0.997, down 0.3% over 24 hours, as futures open interest climbed to $2.78 billion and trading volume surged 55% to $1.17 billion. On Binance and OKX, top traders are heavily long with a 3.6:1 long/short ratio, while overall market positioning is near balanced. Social sentiment, however, has fallen to a three-month low after a failed rally attempt.

Why it matters: The combination of negative sentiment and aggressive long positioning is a classic contrarian setup—potentially bullish if sentiment shifts, but risky if the $1 level fails, which could trigger cascading liquidations. The spike in active addresses suggests renewed on-chain engagement, but analysts caution that concentrated leverage could amplify volatility.

Source: CoinDesk