Key Takeaways
XRP’s Open Interest climbed to $2.92 billion as whales shifted $500 million off-exchange. The Coinbase-led volume spike contrasts with silent accumulation, while Binance’s 64% long bias signals retail confidence chasing a potentially whale-driven setup.
Ripple [XRP] recorded a sharp surge in activity, climbing to the #2 spot on Coinbase with $413 million in 24-hour trading volume.
In parallel, over 167 million XRP—worth nearly $500 million—was transferred between unknown wallets, pointing to strategic movements from whales.
While retail traders chased exchange momentum, whale activity shifted off-exchange. This divergence suggests either long-term accumulation or preparation for private transactions.
Naturally, this disconnect between public hype and whale silence adds uncertainty to XRP’s short-term direction.
Is XRP speculation rising behind the scenes?
Open Interest for XRP increased by over 11%, pushing the total to $2.921 billion. This uptick reflects a clear rise in leveraged positions on both sides of the market.
However, it doesn’t reveal directional bias on its own. Still, the surge suggested participants expect significant price movement, likely driven by volatility and market narratives.
When paired with the recent whale activity, the growing Open Interest may indicate speculative traders are trying to front-run larger players.
Did shorts get caught off guard by sudden upside volatility?
XRP short liquidations reached $8.13 million, significantly higher than long liquidations at $3.74 million.
The wipeouts occurred across Bybit, OKX, and Binance, showing that bearish traders were forced to close positions.
This short-side flush coincided with XRP’s surge on Coinbase, pointing to possible coordinated buys or momentum-driven rallies.
Events like these often accelerate price moves through forced buys, supporting the idea that bullish pressure may still be active.
Does THIS confirm continued bullish confidence?
On the 14th of July, 64.34% of Binance accounts were holding long positions in XRP. This produced a Long/Short Ratio of 1.80, signaling that a clear majority of traders expect further upside.
While not at euphoric levels, this ratio does reflect strong bullish sentiment in the derivatives market.
At the same time, Exchange Reserves rose, indicating belief in short-term price appreciation.
However, if whales continue to operate off-exchange while retail traders remain exposed, sentiment could shift rapidly with any major exit.
Is XRP’s split behavior a sign of volatility or silent accumulation?
The current divergence—retail-driven exchange activity versus off-exchange whale transfers—leans toward a strategic accumulation phase rather than imminent volatility.
Whales appear to be positioning quietly, avoiding market disruption, while traders chase momentum on exchanges.
Although some short-term volatility may occur due to liquidations and Open Interest spikes, the dominant off-exchange behavior suggests accumulation is the underlying motive.
This strategic shift reinforces a long-term bullish outlook rather than a sudden breakout or breakdown scenario.
