Buy Orders Stack 7-to-1 on Coinbase as XRP Tumbles to $1.14

XRP falls to $1.14 yearly low amid global sell-off, but Coinbase order book reveals 7:1 buy-to-sell ratio, hinting at institutional accumulation. Mastercard integrates RLUSD.

A curious divergence is playing out in the XRP market. While the token crashed to a four-month low of $1.14 on Wednesday, the order book on Coinbase tells a different story: buy orders are outstripping sell orders by a ratio of 7-to-1. Market observers interpret this as potential institutional accumulation through automated limit orders, even as panic grips the broader crypto sector.

The selloff knocked XRP to exactly its year-to-date low before a slight recovery to around $1.20. But beneath the surface, the bid side of the book is unusually thick — a pattern that often precedes a snapback when the macro noise fades.

Mastercard plugs RLUSD into its settlement network

The price action stands in stark contrast to the operational progress on the XRP Ledger. Mastercard has integrated Ripple’s stablecoin RLUSD into its global settlement system, a 24/7 on-chain rails that supports six regulated stablecoins across eight blockchains. RLUSD joins USDC and PayPal’s PYUSD in the Mastercard ecosystem, with early institutional partners including Cross River Bank, Lead Bank and Nuvei in the US and Latin America.

Jack McDonald, senior vice president at Ripple, called the integration “a milestone for blockchain-based payment infrastructure.” Separately, reports have circulated about a planned stablecoin consortium involving Mastercard, Visa and Stripe aimed at standardizing on-chain liquidity management.

The network itself is humming. Daily transactions on the XRP Ledger have surged from roughly one million in mid-2025 to nearly three million. The value of tokenized assets on the ledger has reached $3.68 billion, a jump of more than 340 percent since January 2026. Platforms such as Justoken (energy assets) and Ondo Finance (tokenized Treasuries) are driving much of the activity.

Macro shock triggers record liquidation cascade

None of that mattered this week as a wave of risk aversion swept through global markets. Geopolitical tensions in the Middle East — including reports of drone attacks on Kuwait International Airport — drove oil prices higher and sent investors fleeing from speculative assets. Bitcoin slid below $63,000.

XRP was hit disproportionately hard. Exchanges liquidated nearly $26 million worth of leveraged positions in the token within 24 hours, with roughly 96 percent of those representing long bets. The open interest on XRP futures contracts shrank by almost $400 million as traders unwound bullish wagers.

Even institutional investors turned cautious. After weeks of steady inflows, XRP exchange-traded funds recorded net outflows of $5.34 million on Wednesday. The Bitwise XRP ETF accounted for $4.06 million of the redemptions, while the Grayscale product shed about $700,000.

Technically oversold but support under threat

The technical picture is bleak. XRP now trades well below both its 50-day and 200-day moving averages. However, the relative strength index has fallen to 25.8 — deep into oversold territory. Historically, such readings have often preceded sharp relief rallies.

The immediate support at $1.14 will be decisive. If the token closes below that level on a sustained basis, the next downside target lies around $1.10 to $1.11. Should the floor hold, the extreme oversold condition could trigger a rapid short-covering bounce.

For now, the market is caught between a painful macro correction and increasingly bullish on-chain fundamentals. Which force wins out may be decided in the next few sessions.