XRP price closing in on $1, futures trading volume dwarfs ETF inflows
LONDON, June 28, 2026, 20:32 (BST)
- XRP was around $1.04 on Sunday after falling about 8.6% in the past week.
- XRP futures turnover ran about 6.8 times higher than spot turnover in the last 24 hours, according to .
- U.S. spot XRP funds picked up $15.63 million on Friday, but that’s minor compared to over $1.29 billion traded in XRP futures.
- This week kicks off with bitcoin holding $1 support, new U.S. ETF flows and fresh leverage pressure around stocks with bitcoin treasuries.
XRP held at $1.044 Sunday evening in London, after swinging between $1.042 and $1.056 through the session. Live crypto quote data showed bitcoin near $59,453, ether close to $1,568 and solana last at $70.92.
| Asset | Latest price | Day move | Intraday low-high |
|---|---|---|---|
| XRP | $1.044 | down 0.95% | $1.042 to $1.056 |
| Bitcoin | $59,453 | off 1.08% | $59,355 to $60,383 |
| Ether | $1,567.84 | fell 0.45% | $1,561.11 to $1,583.95 |
| Solana | $70.92 | lost 0.28% | $70.19 to $71.99 |
The size of the derivatives market is getting less attention than XRP’s price. CoinGlass shows 24-hour XRP spot volume at $190.7 million, while futures volume stands at $1.29 billion. Futures open interest is at $2.37 billion, with $1.51 million in liquidations. U.S. spot XRP funds saw $15.63 million come in on Friday and total inflows now sit at $1.47 billion, The Block said, citing SoSoValue.
| XRP market line | Latest data | Investor read-through |
|---|---|---|
| Spot turnover | $190.7 mln | Bargain for cash market activity |
| Futures turnover | $1.29 bln | Nearly 7x spot turnover |
| Futures open interest | $2.37 bln | About 1.6x all U.S. XRP ETF inflows |
| Friday U.S. spot XRP ETF inflow | $15.63 mln | Roughly 1% of recent futures volume |
| 24-hour futures liquidations | $1.51 mln | Minor against OI |
This matters since ETF demand remains, but it’s not driving prices in the short term. A $15.63 million inflow to funds can support bids. But with $2.37 billion in open interest, XRP could see much quicker moves if it breaks below $1 and stops get triggered.
XRP had a poor week, losing ground before the weekend. According to Investing.com, XRP dropped from $1.1295 on June 22 to $1.0447 by June 28. Volume jumped on June 26, hitting 511.62 million when the token reached $1.0095 before recovering.
| Date | XRP price | Daily move | Volume |
|---|---|---|---|
| June 22 | $1.1295 | up 0.42% | 295.66 mln |
| June 23 | $1.1100 | down 1.73% | 290.39 mln |
| June 24 | $1.0731 | fell 3.32% | 410.29 mln |
| June 25 | $1.0430 | lost 2.80% | 443.68 mln |
| June 26 | $1.0486 | up 0.54% | 511.62 mln |
| June 27 | $1.0472 | off 0.13% | 243.23 mln |
| June 28 | $1.0447 | down 0.24% | 196.34 mln |
XRP’s price dropped 8.6% over the last week, data from CoinGecko showed. That was deeper than the 5.7% slide for the wider crypto market. CoinGecko pegged XRP’s market cap at roughly $65.05 billion on a circulating supply of almost 62 billion tokens.
ETF flows flipped this week. U.S. spot bitcoin ETFs posted about $1.79 billion in outflows for the week ended June 26, marking their second-biggest weekly pullback since launch. Meanwhile, XRP funds took in $15.63 million on Friday, driving total inflows up to $1.47 billion, The Block said.
Ripple CEO Brad Garlinghouse threw in a warning on leverage at the company level, not just from fund flows. In a CNBC interview reported by CoinDesk, Garlinghouse said, “financial engineering does not drive long-term value” and argued that Strategy NASDAQ:MSTR “has hurt the overall market.” He called out Strategy’s STRC preferred shares trading around 25% below par and described it as a “damning indictment” of the model. CoinDesk
Strategy co-founder Michael Saylor responded on X, posting: “Volatility tests every capital structure.” The company had 847,363 bitcoin as of June 22, with an average price of about $75,646 each, according to The Block on Sunday. X (formerly Twitter)
XRP holders are still contending with legal questions, even though the SEC case is done. The SEC in August 2025 said a final judgment put a $125.035 million civil penalty on Ripple and left an injunction on registration rules after cross-appeals were dropped.
Traders start the week watching the June 26 low of $1.0095 and the $1.05-$1.07 area that acted as support before prices fell. Last week, CoinDesk said a drop below this zone would put $1 back on the table, while bulls needed to take back $1.10 to argue this was just a shakeout.
