# Bitcoin Drops Below $80,000, XRP Sees Leveraged Positions Remain

**Published:** 2026-08-30T08:36:06.536Z  
**Topic:** Bitcoin\\\  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/892fe717-ee4f-4489-934a-f89c10db61b9

Bitcoin fell to $78,000 after briefly topping $81,000, while XRP dropped to $1.39. $3.66 billion in leveraged XRP positions remain open, posing risk.

Bitcoin (BTC) fell to around $78,000 after briefly climbing above $81,000 on August 25, following a broader market pullback that saw XRP (XRP) drop 37% in one minute on Bitstamp on August 22 [1]. The volatility highlights the impact of leveraged positions in XRP, with $3.66 billion in borrowed money still open in the market [1].

| At a glance | |
|---|---|
| Bitcoin Price | ~$78,000 [1] |
| XRP Price | ~$1.39 [1] |
| Bitcoin 7-day change | Flat [1] |
| XRP 7-day change | Up 7.2% [1] |
| Key XRP Resistance | $1.41 [1] |
| Key XRP Support | $1.07 [1] |

## Bitcoin's Pullback and XRP's Volatility

Bitcoin's price climbed above $80,000 on August 25, reaching over $81,000 before pulling back to trade around $78,000 [1]. This move followed a rally from $63,600 to $79,500 between August 19 and August 22, driven by the US Treasury's expanded bond buybacks [1]. During this period, $2.7 billion in short bets against Bitcoin were liquidated [1]. However, Bitcoin turned on August 22, falling 3.8% from $79,500 to $76,500 in six minutes [1].

XRP's price movements have been more pronounced, gaining over 60% between August 19 and August 22, as traders used leverage to take larger positions [1]. When Bitcoin turned on August 22, XRP fell approximately 37% in one minute on Bitstamp, from about $1.70 to $1.07, before recovering [1]. Across the broader market, XRP fell from $1.70 to $1.51 that session, losing about 11% market-wide [1]. This sharp decline coincided with roughly $500 million in borrowed bets closing out across the market, with XRP's share near $122 million and Bitcoin's at $257.77 million [1]. Total crypto liquidations reached about $1.35 billion over the subsequent 24 hours [1]. XRP's larger percentage fall is attributed to its run-up on borrowed money, unlike Bitcoin [1].

## Open Interest and ETF Flows

Despite the recent volatility, XRP still carries $3.66 billion in open interest, representing the total value of borrowed positions that remain open [1]. This borrowed money did not exit the market after the August 22 crash [1].

Meanwhile, U.S. spot XRP ETFs have seen continued demand. On August 28, these ETFs took in $26.2 million, marking their second-best day of the month, even as the XRP price fell [1]. This occurred on a day when Bitcoin ETFs lost $201.8 million, ending a nine-day streak of inflows [1]. Cumulative net inflows into XRP funds now stand at approximately $1.66 billion [1]. ETF inflows continued through the period of volatility, with $13.24 million on August 20, $18.38 million on August 21, $13.82 million on August 24, and $23.87 million on August 25 [1].

XRP's trading volume has thinned out, with $1.10 billion in the past 24 hours compared to $12.7 billion during the rally [1]. The price currently trades around $1.39, below the $1.41 level it broke through last week, which now acts as resistance [1]. The $1.07 level remains a key support, representing the low point during the August 22 crash [1].

## What to watch

*   **XRP price levels:** Monitor whether XRP can reclaim the $1.41 level, which could signal a restart of upward momentum, or if it tests the $1.07 support level [1].
*   **Bitcoin price stability:** A second significant drop in Bitcoin's price could trigger further liquidations in XRP due to the persistent open interest [1].
*   **ETF inflows vs. leveraged positions:** Observe the balance between steady, albeit smaller, ETF inflows and the potential for large-scale liquidation events from leveraged positions [1].

The current market for XRP is influenced by a tension between sustained ETF demand and the significant volume of leveraged positions that remain open, making it particularly sensitive to Bitcoin's price movements [1].

## Sources
1. 247wallst — [Bitcoin Is Stuck Below $80,000. What Does That Mean for XRP?](https://247wallst.com/investing/cryptocurrency/2026/08/29/bitcoin-is-stuck-below-80000-what-does-that-mean-for-xrp/)
2. Investopedia — [Watch These Bitcoin Price Levels as Cryptocurrency Drops Below $80K Amid Tariff Worries](https://www.investopedia.com/watch-these-bitcoin-price-levels-as-cryptocurrency-drops-below-usd80k-amid-tariff-worries-11710036)

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Cite as: TrendWatcher, "Bitcoin Drops Below $80,000, XRP Sees Leveraged Positions Remain", https://www.trendwatcher.in/article/892fe717-ee4f-4489-934a-f89c10db61b9