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XRP Price Rises and Futures Open Interest Jumps as Whales Acquire 70 Million Coins in One Week
Overall sentiment: Very positive
Open original · Varinder Singh
Published Jul 16, 2026 · Retrieved Jul 16, 2026
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- Whales bought 70 million XRP coins in one week amid US inflation cooling and geopolitical uncertainty Newsworthy Reliable Very positive
- XRP price rebounded above $1.12 with a 5% increase, reaching a 24-hour high near $1.13 amid market volatility Newsworthy Reliable Very positive
- XRP futures open interest surged to about $2.50 billion, rising 2.65% in the last 24 hours with gains on CME and Binance Newsworthy Reliable Positive
- Binance XRP reserves dropped to 2.61 billion, marking the lowest level since February according to CryptoQuant data Relevant Reliable Negative
- Santiment data shows XRP whale wallets holding between 1 to 10 million coins increased their positions recently Relevant Reliable Very positive
- Market commentary indicates XRP is experiencing strong FOMO sentiment with over 3 bullish comments for every bearish one Relevant Plausible Very positive
- Trading volume in XRP dropped by more than 15% amid market uncertainty despite price gains Relevant Reliable Negative
- Binance announced an $800,000 XRP airdrop to support RLUSD stablecoin adoption Peripheral Reliable Positive
Type: standard news · Analysis confidence: 95%