As XRP was sorted around $1, the bets on the derivatives market were warming. The CoinGlass data show that weekly unsettled contracts rose to about $2.78 billion, an increase of about 2 per cent 24 hours; during the same period, the volume of transactions increased to about $1.17 billion, an increase of 55 per cent.
Despite weak price performance, traders on some of the mainstream exchanges are still looking at the rise. On the Binance platform, the number of accounts holding XRP multiple positions is about three times as high as the number of empty accounts, and the ratio of large household accounts is about 3.6 to 1; the same structure appears in OKX.
Exchanges are concentrated.
There is no significant imbalance in distribution across the market. The CoinGlass data show that the combined space ratio for each platform over the past 24 hours is approximately 0.93 and the overall balance is still close to equilibrium. In other words, there is currently a marked overload of space, mainly in Binance, OKX and its large accounts.
At present, as measured by the number of tokens, about 2.77 billion XRPs are in future storage positions, up from about 2 billion at the beginning of the summer, and up to the size of the previous XRPs at higher prices.
Socially weak.
Contrary to the silo structure, the mood for discussion in the market is weakening. This week, according to the chain analysis agency Santiago, X, Reddit, Telegram, etc., were discussed around XRP, and the negative level rose to almost three months, one of the reasons being that currency prices failed to produce an effective rebound.
It was reported that the current value of the XRP was about US$ 1, compared to a high of more than US$ 3 last year. Delays in repairing prices are reducing the emotional expectations of short-term traders.
Resurgency on the chain
The use of data on the chain is warming up. According to Santiago, XRP Ledger recorded nearly 50,000 active addresses in a 24-hour cycle, the highest level in over two months. Prior to July, the indicator was once at a low level in 2026.
Active address usually refers to the wallet address where the act of sending or receiving occurred during the statistical cycle. This indicator indicates an interactive increase in the chain, but does not directly prove whether the addresses are bought, sold or transferred only between accounts.
The market's next focus remains on whether the position of $1 will hold. If prices continue to collapse at that level, some of the high leverage may be forced by the exchange to level off for insufficient bonds, thus releasing additional sales pressure on the market.