XRP Price USD Holds Near $1.08 as Open Interest Drops to Pre-Rally Levels

Published by

Nidhi Kolhapur

August 1, 2026

xrp price trades flat as memecoins rally can it reclaim $1.25

XRP price USD remains near $1.08 even as open interest across major exchanges, including Binance, Bybit, OKX, and Kraken, has fallen back to levels last seen before the late-2024 rally. The decline suggests leveraged positions have largely been flushed from the market, contrasting with the elevated open interest seen during the January and July 2025 price peaks. Analysts say the reduction in leverage could create a healthier market structure if spot demand continues to support XRP.

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