XRP at the Tipping Point: Derivatives Market vs Exchange Flows

XRP's price has been steadily declining over the past two weeks, reaching $1.02 on August 11, down from $1.07 a week earlier and $1.15 two weeks before that.

This decline is not a panicked sell-off, but rather an orderly grind lower, with average daily spot volume on Binance falling by 23% over the past two weeks.

The derivatives market tells one story: futures open interest has risen to $2.72 billion, indicating aggressive short positioning and potential buying pressure if the price reverses.

Funding rates remain slightly positive, averaging 0.005% per eight-hour funding interval, suggesting that while new shorts are being opened in size, the existing long base has not capitulated.