South Korea's Largest XRP Market Sees Spot Volume Decline as Leverage Rises Elsewhere

1. XRP spot volume on Upbit fell nearly 51% over a month, marking four weeks of decline Newsworthy Reliable Very negative
2. Binance's XRP spot deposit and withdrawal flows dropped about 99% in one week Newsworthy Reliable Very negative
3. XRP Open Interest on Binance derivatives increased 5.9% to 423.8 million with leverage ratio at recent highs Newsworthy Reliable Positive
4. Funding rates fell nearly 30% but remain significantly above monthly and quarterly baselines Relevant Reliable Positive
5. XRP's network activity weakens: NVT ratio up 45.6%, transactions down 33.6%, active addresses down 16.4% Relevant Reliable Very negative
6. XRP price edged up 3.96% to $1.13 amid broad crypto market rally despite weak spot participation Relevant Reliable Neutral
7. Spot market participation decline suggests cautious investor behavior and sidelined traders Relevant Plausible Negative

Type: standard news · Analysis confidence: 95%

Used in syntheses

• ChatGPT forecasts XRP price at $1.35 by Q3 2026 • Ripple triples prime brokerage revenue • Secures full EU MiCA authorization • XRP Ledger surpasses 8 million accounts • ETF inflows mixed • Former CTO regrets early XRP sales • XRP classified as digital commodity by SEC and CFTC
• XRP price rises 5% toward $1.15 resistance with derivatives open interest near $2.4B • Ripple to release 1B XRP from escrow August 1 mostly re-locked • Institutional use of XRP Ledger grows with upgrades • Trading volumes fall sharply in South Korea and Binance amid cautious sentiment • Ripple revenue triples YoY as RLUSD stablecoin gains • Price outlook hinges on US regulatory clarity and ETF demand