XRP Traders Bleed 47% Losses as Ripple Eyes Wall Street

XRP is caught in a sharp structural divide: retail traders are sitting on average unrealized losses of roughly 47% over the past 30 days, pushing the token's MVRV ratio to its lowest reading since December 2020, while institutional capital quietly absorbs the selloff. On-chain data from CryptoQuant shows derivatives markets dominated by aggressive short sellers — Binance and Bybit together added nearly 79.6 million XRP in open interest on May 22 alone, worth roughly $107 million at $1.35 — yet spot cumulative volume delta has climbed to approximately $397.3 million, signaling persistent buying beneath the surface.

US-listed spot XRP ETFs are on pace for their strongest monthly inflows of the year, drawing approximately $117 million across 13 consecutive positive sessions and pushing cumulative inflows past $1.12 billion.