Key Takeaways Binance open interest fell to approximately $186 million, its lowest since April 2025. The lighter derivatives market reduces liquidation risk but provides little indication of
XRP trades near $1.06 after breaking below its rising triangle and finding support around $1.05.
Our July 28 analysis identified $1.05 as the next important test after price lost the triangle’s lower boundary. Buyers defended the level, but the rebound stopped below both the broken trendline and the 50-day simple moving average.
Price has remained in that narrow area since then, without retesting $1.05 or making a serious attempt to recover $1.11.
Daily technical price chart showing XRP moving sideways. According to a CryptoQuant analysis, open interest in Binance’s stablecoin-margined XRP contracts fell to approximately $186 million on July 31, its lowest level since April 2025.
Bybit held roughly $229 million, while OKX accounted for another $49 million. Binance and Bybit represented nearly 89% of the combined open interest across the three exchanges.
CryptoQuant chart tracking XRP multi-exchange open interest across multiple derivatives platforms. Open interest measures the value of futures positions that remain active. The current reading shows that less leveraged capital is committed to XRP than during the major expansion phases of 2025.
With fewer positions in the market, XRP is less exposed to a large chain of forced liquidations. There is also less speculative pressure capable of quickly driving price beyond either side of the current range.
The data does not reveal whether the next expansion will favor buyers or sellers. Funding rates, volume, liquidations and spot demand are still needed to determine which side is becoming more active.
The XRP Ledger community is also watching the expected release of xrpld 3.3.0.
The release is expected to introduce five proposed amendments for validator consideration:
Batch and Permission Delegation are revised versions of amendments withdrawn after earlier security reviews.
The original Batch amendment contained a signature-validation flaw that could have allowed unauthorized transactions. Permission Delegation was withdrawn after researchers found that an improperly signed transaction could charge fees to another account.
Neither flaw reached the live network. Their return in revised form reflects additional security work rather than the introduction of five entirely new features.
Jazzi Cooper, head of product at RippleX, posted on X that the amendments are intended to expand how tokenized assets can be transferred, traded, used as collateral and settled on XRPL.
XRPL has already proven it can support tokenized assets at scale. Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling.
The upcoming release of xrpld 3.3.0 includes five amendments that move XRPL significantly closer to that goal.…
— Jazzi Cooper (@jazzicoop) July 31, 2026
The software release would not activate them immediately. Each amendment must receive support from more than 80% of trusted validators and maintain that threshold for two weeks.
The release may increase developer and community activity, but its effect on XRP will depend on whether that attention produces new market demand.
Resistance sits near $1.11, where the 50-day SMA at approximately $1.105 meets the former lower boundary of the rising triangle.
A move into that area would recover some of the decline, but the July breakdown would remain relevant until XRP closes above both the moving average and the broken trendline.
Support remains near $1.05, which has held since July 2 and stopped the latest decline after XRP left the triangle. A daily close beneath it would expose the June 26 low near $1.01.
For now, XRP remains between those levels. Open interest shows limited derivatives participation, while the expected xrpld release provides a scheduled network event rather than a confirmed price catalyst.
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