XRP loses $700 million in futures bets while XRPL builds a $4 billion institutional pipeline
Demand for XRP is weakening across ETFs, derivatives, and onchain usage. US spot XRP ETFs saw about $7.2 million in net outflows for the week ended July 10, ending a nine-week inflow streak. XRP futures open interest fell from nearly $3 billion in June to about $2.3 billion by mid-July, with rising long liquidations and higher funding rates indicating remaining bulls are paying more in a shrinking market. XRPL activity also cooled: active wallets hit one of the year’s lowest levels, new wallet creation dropped to its lowest since November 2024, and activity remains below longer-term averages. Some transaction growth is being driven by existing services rather than broader adoption. XRP is down about 5% on the week to around $1.11. Offseting this, institutional use of XRPL is expanding through tokenized assets and settlement, and proposed confidential-transfer features could make the network more attractive to banks and asset managers.
