XRP Price Stagnates at $1 as Short Positions Build on Binance

XRP price has stagnated at $1 on Monday, unchanged since last week. However, trading data suggests a potential decline as short positions begin to build on Binance.

The token's movement has been restricted due to weak buyer conviction despite broader market updates. According to SoSoValue data, XRP spot ETF net inflows for the past week amounted to $2.25 million.

The Bitwise ETF XRP had the highest net inflow last week, with a weekly net inflow of $2.2531 million, bringing the cumulative total net inflows for XRP to $512 million. As of this report, the total net asset value of XRP spot ETFs reached $933 million.

The Binance XRP open interest has climbed from roughly $181 million on August 3 to $232.7 million on August 17, a 28.6% increase and the highest reading since June 2026. The seven-day change flipped from about -$40 million on July 29 to +$38.9 million.

Despite this, direction favors sellers: Binance perpetual Cumulative Volume Delta fell to -$463.2 million, and all-CEX spot CVD swung from +$153 million on August 3 to -$231.8 million. Supply feeding the selling is thinning, with Binance whale inflows dropping to a three-month average of $61 million, the lowest since 2021.