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XRP rebounds above $1.14 amid mixed volume and leverage signals across exchanges.

Technical Signals
08 Jun 2026
Crypto news
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Neutral
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XRP recovered above $1.14 after dipping near $1.055, but trading data reveals mixed market activity. Binance saw a four-month volume spike that quickly faded, while Bybit's open interest dropped 36%, indicating many leveraged positions were closed. Binance's leverage remains near peak levels, suggesting vulnerability to sharp price moves. XRP faces resistance between $1.17 and $1.20, with potential for a short squeeze or further declines depending on volume and leverage trends. Historical patterns suggest the current bear market could continue, but uncertainty remains about the next phase.

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