XRP Faces Pressure from Leverage Cuts Amid $1.44B ETF Demand

XRP's price is under pressure due to a broader crypto market sell-off, forcing leveraged traders to cut their exposure. According to data from TradingView and CoinGlass, open interest has fallen, indicating that traders are closing positions before losses deepen.

This suggests that crowded long exposure in XRP is being cleared rather than the market simply moving lower on weak volume. The token has struggled below key moving averages, leaving buyers focused on reclaiming lost levels or whether the short-term bearish structure remains in control.

Despite the pressure, institutional demand for XRP-linked products continues to show strength. Cumulative inflows near $1.44 billion have been reported, indicating that traditional investors are seeking exposure to XRP through spot products.