XRP’s late-June washout removed a major source of market instability: excess leverage that could have turned another sharp move into a liquidation cycle. The next test is harder because XRP now needs ETF and spot buyers to carry the market without rebuilding the same crowded futures trade.
The rebound is now a test of real demand. XRP has moved away from the pressure zone that defined the late-June washout, when prior CryptoSlate coverage showed the token falling to $1.02, long liquidations accelerating, futures activity shrinking, and realized losses hitting the weakest reading since 2022.
A market can stabilize after sellers run out, but a sustained rebound requires new buyers to step in.
CryptoSlate’s XRP market data shows the token trading near $1.08, up about 2.7% over seven days, with a market value of about $67 billion.
Coinglass data shows roughly $402 million in 24-hour spot volume against about $2.25 billion in futures volume, with open interest around $2.35 billion and abo
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