XRP Drops Below $1; 200k XRP Moved From Coreum Bridge

XRP traded as low as $0.99, its weakest level since November 2024, as selling pressure increased and derivatives leverage rebuilt in early August. The token first crossed $1 on Nov. 16, 2024, and later reached $3.42 in July 2025.

Derivatives data show traders added exposure while executed trades favored sellers. Binance’s seven-day change in XRP open interest moved from about -13% on Aug. 1 to 7.4% by Aug. 11, a reversal of more than 20 percentage points. Tracked data indicate open interest rose by about $171 million, equal to roughly a 20.5% increase. Binance’s perpetual cumulative volume delta, which measures the gap between market buys and sells, declined from about -$251 million at the start of August to about -$349.5 million by Aug. 11.

Spot-market metrics recorded similar deterioration. Estimated cumulative volume delta across centralized exchanges fell from roughly $193 million to -$34.3 million during the same period. Positioning data showed a long-to-short account ratio of 0.8432 as XRP traded near $1, implying approximately 45.7% of positioned accounts were long and 54.3% were short.

Liquidity in futures markets remained below levels seen earlier in the year. Futures open interest stood near $2.69 billion and 24-hour futures turnover around $2.17 billion on the most recent Tuesday. By comparison, derivatives volume reached $5.93 billion on Jan. 5 when open interest was about $3.86 billion. As recently as Aug. 5, futures volume had fallen to roughly $1.35 billion and open interest to about $2.25 billion.

A market commentator noted that Binance’s 24-hour XRP spot volume had dropped to about $68 million from levels above $1 billion and estimated that roughly $4 million of sell orders could push XRP toward $0.95 under current order-book conditions.

A security incident involving the Coreum bridge coincided with the price weakness. On Aug. 9, the XRPL account used by the Coreum bridge sent 199,916.3 XRP in 94 payments to two newly created wallets, reducing its balance from about 200,000 XRP to 493.5 XRP, according to an investigation by XRPL.to. The reconstruction found all outgoing payments were authorized by the bridge’s multisignature setup and traced the problem to relayer software that treated transactions between the attacker’s own wallets as valid deposits. The investigation attributed the issue to a flaw in the Coreum bridge logic rather than to the XRP Ledger itself.

Institutional flows into U.S.-listed XRP investment products continued amid the market weakness. Those products recorded net inflows of $81.59 million in April, $131.94 million in May, $59.46 million in June and $27.29 million in July, totaling just over $300 million across the four months and bringing cumulative inflows to about $1.5 billion. On-chain data show the number of wallets holding more than 1 million XRP increased by 32 over the last three months.

Regulatory and technical developments in the XRP ecosystem advanced in July. Ripple received full authorization as a crypto-asset service provider under the European Union’s Markets in Crypto-Assets framework. The XRP Ledger is moving forward with a proposal to allow encryption of token balances and transaction amounts while enabling selective access for issuers, auditors and regulators. The XRPL ranks among the top 10 blockchains for tokenized real-world assets, with more than $4 billion in total value locked.