XRP extended its weekly decline and traded below $1.40, as macro pressure and policy uncertainty kept crypto sentiment cautious. According to CoinMarketCap data, XRP price traded near $1.38 on February 12, with a weekly change near -4% to -5%. Market value held around $85 billion, which kept XRP among the largest digital assets by capitalization.
The move came as traders reduced risk ahead of key US data releases. Short-term positioning also shifted in derivatives markets, where funding conditions and open interest pointed to cooling leverage.
XRP traded around $1.38 in recent sessions after sellers capped rebounds near $1.40.
CoinMarketCap listed XRP’s live market cap near $84.8 billion, while CoinGecko showed a similar mid-$80 billion range. These readings reflected price weakness, not a sharp supply change.
CoinGlass also reported XRP down about 4.4% over seven days, with a price around $1.38 and a market cap near $84.9 billion. Traders watched whether the price could hold the near-term range without renewed spot selling. Most flows stayed reactive, with buyers stepping in on dips and sellers defending overhead levels.
XRP activity accelerated on South Korea’s Upbit during the pullback. Data on February 12 indicated seven-day XRP trading volume on Upbit at about $4.11 billion. At the time, XRP traded near $1.38, showing heavy turnover alongside a softer price trend.
Upbit’s scale matters because concentrated venue demand can amplify short-term volatility. CoinGecko’s exchange statistics list Upbit among the larger global venues by volume. Traders often monitor Korean order flow for signs of rotation between large-cap tokens during choppy markets.
Also Read: XRP News Today: XRP Falls Below $1.87 as Selling Pressure and Open Interest Rise
Derivatives data signaled lower leverage. CoinGlass showed XRP open interest near $2.31 billion, which pointed to reduced futures exposure versus prior peaks. That contraction often follows position closures and can reduce forced liquidations in the near term.
Funding also leaned bearish. XRP’s OI-weighted funding rate stayed negative for multiple days, moving from about -0.0092% to around -0.0006% through midweek. CoinGlass data also showed negative average funding at the time of reporting, which indicated higher demand for short positioning.
Regulatory uncertainty remained a headline factor. Reuters reported that a White House meeting on crypto legislation ended without an agreement, with stablecoin rewards among the unresolved issues. The lack of clarity kept policy risk on the radar as traders assessed demand for major tokens, including XRP.