XRP Price Drops to $1.36 as Spot Selling Outpaces Buying
XRP (XRP)
Editor:
Eugene Serbin
bitcoinethereumnews.com reported that XRP traded at $1.396 on August 29, marking a shift in market structure after holding near $1.00 through August 18. The token remained about 8% below its recent high of $1.520 on August 23, while Binance open interest for XRP eased from a peak near $558 million to $483 million. The rally appeared driven by derivatives activity rather than exchange supply movement, with funding rates averaging 0.006 and an estimated leverage ratio climbing to 0.193.
Long liquidations averaged $4.34 million, up 222% week over week, with a single session on August 22 seeing $25.7 million in long liquidations. Exchange data showed Binance inflows averaging 136,319 XRP and outflows averaging 298,660 XRP, with deposit addresses falling to 45, a 91% decline versus the quarterly baseline. Total XRP transactions rose to 2.93 million daily, near a six-month high, while the exchange reserve barely moved up 0.04% to $2.618 billion.
Funding rates cooled from 0.010 to 0.002 across three sessions, and open interest dropped 13% from its recent peak. Analyst Diana (@InvestWithD) identified the $1.38 area as a key Fibonacci support zone tied to an Elliott Wave count. She noted that a 4-hour RSI reading near 47.5 had moved back above its signal line, suggesting early momentum shifts near support rather than during an overbought run.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 31 August 2026. Not the outlet's figures.
XRP is currently trading at $1.36, with a 1-hour buy ratio of 52.6% indicating short-term buying interest. However, this positive sentiment fades over longer timeframes, as the 4-hour buy ratio drops to 43.6% and the 24-hour ratio sits at 47.1%. Volume delta reflects this divergence, showing a net inflow of +$386,135 in the last hour but net outflows of -$5,959,671 over 4 hours and -$7,461,154 over 24 hours. The Cumulative Volume Delta (CVD) for the 24-hour close is -$7,138,201, confirming that sellers have dominated the day's volume of $132,348,286. Buying pressure is clearly fading as the shorter-term bullish delta fails to sustain into the broader daily context.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Compared to the preceding week, today's activity shows a buy ratio 2.4 percentage points below the 7-day average of 49.6%. Spot volume is running at just 0.50x the weekly average, indicating a significant slowdown in trading activity. Over the eight-day period, the volume delta totaled -$42,731,442, with price falling 10.7% and net buying occurring on only 3 of 7 days. This represents an unusual day for the coin, characterized by lower-than-average volume and a buy ratio that underperforms the weekly norm. The current 24-hour outflow of -$7,461,154 contributes to the broader weekly trend of negative delta and price depreciation.