XRP News Today: XRP Going Through A Period of Extreme Uncertainty

The XRP realm is going through a very confusing state as we speak. The news from the industry suggests a mixed notion for XRP’s price and developments on the asset. Amidst the booming ETF market, CoinShares pulled its ETF application, which took everyone by surprise.

As of now, XRP is trading around $2.02, reflecting market uncertainty amid ETF withdrawals and a 59% drop in futures open interest.

Another surprise was the huge 59% drop in XRP’s open interest. What has happened on the XRP futures segment has also left traders and enthusiasts in utter confusion. The leveraged XRP positions were yet another market surprise as XRP recorded $0 in liquidations.

Amidst all of these events, we dive into the details of each incident and give you a comprehensive report on the latest XRP news.

CoinShares Pulls Their ETF Application

The ETF market in the US had been booming since late November of 2025, with several Bitcoin and Ethereum ETFs being launched, with some on Solana as well. However, amidst this booming ETF ecosystem, the digital asset management firm CoinShares has withdrawn its XRP ETF application, which took everyone by surprise.

CoinShares’ withdrawal of ETF applications is not just limited to XRP; it had plans on launching a Solana staking ETF and a Litecoin ETF, both of which have also undergone an abrupt withdrawal.

Since there were many rumors regarding a regulatory failure that led to the withdrawal, CoinShares officially came forward with the statement that the withdrawal is part of a broader strategic move rather than a regulatory failure.

According to CEO Jean-Marie Mognetti, the US ETF market has made sudden shifts in the digital asset spectrum, which has made the competition fierce. Mognetti argues that in such a space, mid-size issuers will have a tough time competing with giants, which is why CoinShares has withdrawn its ETF applications.

The Record Drop In Futures Open Interest (OI)

In addition to what has happened on the ETF market, XRP’s open interest dropped a whopping 59% from 1.7 billion XRP to a mere 0.7 billion XRP. Open Interest represents the number of open contracts on the futures market. With the plummet of OI, it has become clear that investors are not making speculative trades on the futures market anymore when it comes to XRP.

With this development, it is important to note that the funding rate has dropped from 0.01% to just 0.001%. A higher funding rate is an indicator of a long-term bullish market where a larger number of traders have opened LONG positions on the assets.

The drop in the funding rate has alarmed several investors as the market may be in for a correction or a potential reversal, especially in the context of the ETF withdrawal by CoinShares.

The turning point came when investors decided to close LONG positions in anticipation of the bull run ending, according to the report by GlassNode. They extended their concern over XRP’s future as GlassNode noted that this was a clear sign of a top-heavy and structurally fragile market.

An Abnormal $0 in Liquidations

From the one-hour liquidation snapshot by CoinGlass, it has become obvious that the SHORT column stayed at a clean $0. This is indicative of LONG traders who are trying to outrun the bear market phase that may soon be on its way to the XRP market.

Also, the sideways market meant that none of the LONG positions were liquidated, which gave the SHORTS no chance to open. XRP sits with a perfect imbalance of $128,430 vs $0 while other coins like Bitcoin, Ethereum, and minor altcoins have recorded liquidations and SHORT orders.

Conclusion

With conflicting signals dominating the XRP market, uncertainty is the mood that has set the stage for the time being. CoinShares’ ETF withdrawal and a 59% drop in open interest on the futures market are all evidence of this uncertainty.

If this persists, the predictions that XRP would cross $3.00 mark by the end of December may take a hit. However, the unusual $0 in liquidations may have something else to say about market stabilization. If this persists, the market may be in for a long sideways run.

As far as the data can be analyzed, all of these factors collectively point towards a period of market consolidation for XRP.