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News
Aug 28, 2026
1min read
byAnjali Belgaumkar
forCoinpedia
<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/How-Low-Will-XRP-Price-Go-If-the-CLARITY-Act-Fails-to-Pass-1-3.jpg" alt="XRP Price Today Slips to $1.42 as $20 Million in Long Positions Get Wiped Out” loading=”lazy”>
XRP is trading near $1.43 after a near 70% rally over two weeks and a derivatives-driven pullback, while spot ETF inflows hit a seven-month high with $28.14 million on August 26 and total fund inflows near $1.62 billion. Over $20 million of long positions were liquidated, net buyer volume fell to -$96 million and open interest tops $3.4 billion, making $1.40 the key support that if defended could lead to a retest of $1.60 to $1.70 but a break risks a deeper correction and has implications for crypto liquidity, CEX/DeFi stability and token adoption.
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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.
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.
Source: cryptorank.io