XRP futures open interest fell and regulated XRP exchange-traded funds recorded net outflows, while institutional usage of the XRP Ledger expanded with tokenized assets and a privacy proposal.

According to SoSoValue, XRP ETFs saw about $7.2 million in net outflows in the week ended July 10, ending a nine‑week inflow streak that had added roughly $200 million. Cumulative inflows reached $1.48 billion and fund assets approached $1 billion. Open interest in XRP futures dropped from nearly $3 billion in June to about $2.3 billion by mid‑July, a decline of roughly $700 million, with Binance alone losing more than $100 million. Long liquidations rose 94 percent week‑over‑week and were 172 percent above the three‑month average, while short liquidations fell by over 50 percent. Binance’s XRP funding rate rose 266 percent despite shrinking open positions.

Santiment reported the second‑quietest day of the year, logging 25,350 active wallets and 2,130 new wallet creations, the lowest level since November 2024. Transaction counts rose about 3‑4 percent week‑over‑week but remained roughly 21 percent below the three‑month average. Active addresses were down 11 percent from the three‑month baseline.

CryptoSlate data showed XRP trading around $1.11, a 5 percent decline over the past week. Institutions have increased tokenized real‑world asset activity on XRPL, with Evernorth reporting about $4 billion of tokenized assets across more than 500 products. In May, Ondo Finance, Ripple, Mastercard and JPMorgan’s Kinexys completed a cross‑border redemption of a tokenized US Treasury product in under five seconds, demonstrating interaction with traditional finance. A proposal for the XLS‑96 standard would add confidential transfers using encryption and zero‑knowledge proofs, allowing selective disclosure to regulators while preserving freeze and clawback functions. Developers aim to make the ledger more suitable for banks and asset managers, which could support demand for XRP if the token is used for liquidity, fees, collateral or settlement.

Whether the growing institutional pipeline can offset weakening retail demand and stabilize XRP’s price remains uncertain.