XRP Reverses Against Bitcoin After Five-Day Decline as Open Interest Climbs 7%

$XRP has reversed course on the $XRP/$BTC chart, ending a five-day decline that began on August 3. The sell-off pushed $XRP to oversold levels against Bitcoin, as reflected by the Relative Strength Index (RSI) on the daily timeframe.

The $XRP/$BTC pair has since rebounded from those oversold conditions. The RSI dropped as low as 25 before recovering to 35 at press time. While the reversal alone does not guarantee a sustained rally, it indicates that $XRP may be starting to recover ground relative to Bitcoin. That said, $XRP faces continued headwinds, with the RSI still at a bearish reading of 35 on the Bitcoin daily chart. Should $XRP continue strengthening against Bitcoin following the bounce from oversold territory, it could signal that the worst of the recent relative weakness has passed.

$XRP Open Interest Rises 7%

$XRP stands out as a top performer among major cryptocurrencies in open interest (OI) percentage gains. Over the past 24 hours, $XRP open interest increased 7% to $2.52 billion, while Bitcoin and Ethereum experienced OI declines of 2.48% and 1.95%, respectively. Open interest for Dogecoin and BNB rose nearly 3%, and Solana posted a notable 6.60% gain.

The increase in open interest points to capital inflows as $XRP traders position themselves around the token following recent developments within the $XRP and Ripple ecosystem. Rising open interest generally signals new money entering $XRP derivatives positions, though it can fuel moves in either direction depending on whether traders are predominantly going long or short. This week brought the release of $XRP Ledger version 3.3.0, which delivered several new amendments along with bug fixes and build improvements.

At the time of writing, $XRP was up 1.75% over the past 24 hours to $1.04, though it remained down 1.60% on a weekly basis.

Ripple and XRPL Build Momentum

A recent report by Token Relations underscored that July brought fresh milestones across Ripple and the broader $XRP ecosystem.

Ripple launched its University Digital Asset Xcelerator in Brazil under its University Blockchain Research Initiative. The company also joined as a launch partner for OpenUSD, a stablecoin from Open Standard featuring free minting and burning alongside a revenue-sharing governance model.

Additionally, Ripple was named among the world's top fintech companies on the CNBC and Statista 2026 list. The XRP Ledger (XRPL) closed July with more than 1.7 million agentic transactions, having crossed the 1 million mark on July 15.