XRP funds just lost $7.2M. Japan is the counter-story for now.
The outflow is small against this year's inflows, but the leverage and wallet data say XRP's bid got thinner.
CryptoVibe Desk · xrp · etfs · futures
- →CryptoSlate reported $7.2 million in XRP fund outflows for the week ended July 10, ending nine straight weeks of inflows.
- →The bigger signal is leverage: XRP open bets fell from roughly $3 billion in June to about $2.3 billion by mid-July.
- →Evernorth's Japan push gives XRP a fresh institutional story, but the tape needs flows and wallets to confirm it.
- spot XRP ETF → A fund that holds XRP directly and trades on a stock exchange like a regular share.
- futures open interest → The total value of active futures bets that have not closed yet.
- funding rate → A payment between futures traders that shows which side is paying to keep a leveraged bet open.
XRP funds lost $7.2 million last week. CryptoSlate reported the outflow for the week ended July 10. That ended a nine-week inflow streak that had pulled in nearly $200 million.
The number is not huge by itself. XRP funds still had about $1 billion in combined assets as of July 10. Cumulative net inflows sat at $1.48 billion, per CryptoSlate. The tape matches the story, though. Demand paused while leverage came down.
Global XRP futures open interest fell from roughly $3 billion in June to about $2.3 billion by mid-July, according to CryptoSlate. Binance XRP open interest fell to $399 million on July 10 from more than $500 million in mid-June. Long liquidations were up 94% versus the prior week and 172% above the three-month average.
If you're holding XRP, the issue is not one bad ETF print. Your bag is watching two stories fight each other. ETF buyers slowed, leveraged longs got smaller, and remaining bulls paid more to stay in.
CryptoSlate reported Binance XRP funding rose 266% over the week. That means fewer traders were carrying higher costs. That structure breaks fast when price moves against them.
Network activity did not clean it up. XRPL active wallets reached 25,350 by mid-July, the second-quietest reading of 2026, per CryptoSlate. New wallet creation fell to 2,130. Transactions sat 21% below the three-month average. Active addresses were 11% under baseline.
The counter-story is Japan. U.Today reported Evernorth launched a dedicated Japanese presence on X and plans a Nasdaq listing under XRPN. The company is targeting a raise of more than $1 billion. SBI Holdings is committing $200 million as anchor investor. Treat the raise target as company-reported until an official filing lands.
That matters because SBI is not random capital. It has a long Ripple relationship through SBI Ripple Asia. Evernorth also cited about $4 billion of XRPL tokenized real-world asset pipeline across 500-plus products, per CryptoSlate. That figure is company-reported too.
For now, XRP has a clean split. Institutions are still building the story. Retail wallets and leveraged traders are not confirming it.
Evernorth's Japan push is a calculated bet. SBI's $200 million anchor is the only fresh number offsetting the colder XRP tape.
Before August 31, watch whether XRP funds return to weekly net inflows above $25 million and XRPL active wallets move back above 30,000.
Primary links and supporting reads used by the desk for this story.
Forward this.
