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XRP sees $60M derivatives wipeout amid strong RSI correction, yet price shows surprising resilience.

Technical Signals
05 Jun 2026
Cointribune
View Source
Neutral
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XRP is experiencing one of its strongest recent RSI corrections, signaling a delicate technical phase that might precede a new bullish momentum. Concurrently, about $60 million in open positions on XRP derivatives have vanished, mainly on the Bybit platform, indicating a significant purge of speculative capital. Despite this, XRP's price remains resilient, suggesting the market is absorbing excess speculation rather than showing structural weakness. Analysts are watching closely to see if this marks a consolidation phase or sets the stage for a more sustainable price recovery.

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