XRP Price Today Slips to $1.42 as $20 Million in Long Positions Get Wiped Out

$XRP is trading near $1.43 after a sharp derivatives-driven pullback erased much of its recent rally, even as spot ETF demand for the token continues to strengthen.

ETF Inflows Hit Seven-Month High

$XRP spot ETFs recorded $28.14 million in net inflows on August 26, marking their strongest single-day haul in more than seven months. The inflow streak points to steady institutional appetite even as spot price action turned choppy.

• Net inflows: $28.14 million (August 26)
• Strongest daily inflow in over 7 months
• Total fund inflows remain near $1.62 billion

Derivatives Selling Triggers the Pullback

The retreat followed a near 70% rally over two weeks that pushed $XRP toward $1.70. That move drew heavy leveraged positioning, and when sentiment turned, the unwind was swift.

• Over $20 million in long positions were liquidated
• Net buyer volume turned negative, dropping to -$96 million
• Open interest climbed above $3.4 billion, pointing to a crowded market

The Level That Matters Now: $1.40

$1.40 has emerged as the important support zone for $XRP. Holding above it keeps the broader uptrend intact, particularly with fund inflows still running strong. A break below $1.40 would open the door to a deeper correction, given how stretched positioning has become.

What It Means for Today

$XRP’s next move likely hinges on whether buyers defend $1.40. Steady ETF inflows offer a cushion, but elevated open interest means further volatility cannot be ruled out. A hold above support could set up a retest of $1.60-$1.70, while a breakdown risks accelerating selling toward lower levels.