XRP is experiencing significant market weakness as derivative activity collapses and investors realize heavy losses. Data from Glassnode shows a 71% decline in perpetual open interest, falling from 7 billion to 1.5 billion tokens, indicating low speculative demand. Meanwhile, sustained selling has pushed more than half of XRP’s supply into a loss, with daily realized losses between $20 million and $110 million.
The XRP market shows continued weakness as open interest contracts drop and investors book heavy losses. Traders appear to be pulling back from the crypto asset amid broader investor caution.
Analytics firm Glassnode reported that XRP perpetual open interest fell 71% from 7 billion to 2 billion tokens after an early October 2025 event. Positioning has continued to shrink, with open interest dropping another 25% to 1.5 billion XRP.
Such a pattern potentially means that speculative activity remains low across derivatives markets. In a separate update, Glassnode observed that more than half of XRP’s supply remains underwater.
Investors who accumulated above $2 over the past year have been realizing losses of $20 million to $110 million daily since November 2025. This selling pressure comes amid widespread pessimism and a price decline of over 60% in nine months.
Fear, uncertainty, and doubt surrounding XRP have climbed to their third-highest level in two years. Historically, such spikes in bearish sentiment have coincided with a higher likelihood of relief rallies.
Analyst Ali Martinez flagged that XRP continues to trade within a large ascending triangle forming for nearly nine years. The asset has repeatedly faced rejection at a major resistance level of $3.30.
Following the latest rejection in August 2025, he expects XRP to retest the $0.75 to $0.80 range. Martinez described this zone as a key accumulation area for the asset.
