XRP loses $1 for the first time since Trump’s 2024 election as bearish bets surge and 200,000 XRP stolen
XRP dropped below $1, hitting about $0.99 and reversing a key level from its post-election rally. Market data shows leverage is rebuilding, with Binance XRP open interest rising sharply, but executed trading still favors sellers: both perpetual and spot cumulative volume delta turned more negative, and the long/short ratio leaned bearish. Futures activity has recovered from recent lows, yet overall liquidity remains much thinner than earlier in the year, making price more vulnerable to sell orders. A Coreum bridge incident briefly added to the weakness, but analysis pointed to relayer software and bridge logic, not a flaw in XRP Ledger itself. Despite the weak short-term setup, regulated XRP investment products keep drawing inflows, whale wallets are increasing, Ripple gained MiCA authorization in the EU, and XRPL continues expanding in tokenized finance.
