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XRP's $1.18 Breakout Level Spurs $300 Million Increase in Leveraged Bets

Overall sentiment: Positive

Open original · Gino Matos

Published Jul 21, 2026 · Retrieved Jul 21, 2026

finance business technology

XRP open interest climbed above $2.4 billion, rising $125 million in a week as traders increased derivatives exposure below $1.18 resistance. Newsworthy Reliable Positive
A daily close above $1.18 could trigger price advance toward the 50-day EMA and $1.26 resistance levels. Newsworthy Reliable Positive
If XRP price rejects the $1.14-$1.18 range and falls below $1.08, leveraged positions could unwind, causing liquidations. Newsworthy Reliable Negative
XRP futures volume reached $1.98 billion, 7.2 times higher than spot volume, indicating derivatives dominate trading activity. Relevant Reliable Neutral
Funding rates remain modestly positive at 0.0066%, showing a slight long bias without excessive leverage risk currently. Relevant Reliable Neutral
US-traded spot XRP funds gained nearly $6.8 million on July 16, representing under 1% of daily exchange turnover, suggesting limited impact relative to spot market. Relevant Reliable Neutral
A quick break above $1.18 could force shorts to cover positions, potentially driving a short squeeze and accelerating price gains. Relevant Reliable Positive
Daily close below $1.00 would break range support, reopening the path for deeper downside in XRP price. Newsworthy Reliable Very negative

Type: standard news · Analysis confidence: 95%

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