XRP's leverage ratio on Binance has reached its highest level since January, driven by a recent 44% rally that outperformed many cryptocurrencies. This surge in leveraged trading, especially in derivatives, increases the risk of heightened volatility as XRP's price recently dropped nearly 5% after peaking above $1.50. The rally was supported by a broader crypto market boost following the U.S. Treasury's bond-buyback program and Ripple's backing of an institutional credit fund using XRP Ledger stablecoin. However, elevated leverage combined with falling prices could trigger large liquidations, potentially accelerating a sharper decline in XRP's value.
XRP's futures market is experiencing intense activity with both bulls and bears facing significant liquidations around the $1.43 to $1.60 price range. Binance traders are heavily leveraged, leading to over $13 million in liquidations in 24 hours, spl...
Rich, host of Common Sense Crypto, considers XRP trading above $3.40 a conservative estimate given upcoming regulatory decisions, tokenization growth, and potential ETF demand. He challenges market cap limits on XRP's price, emphasizing its role in p...
Ripple is urging the XRP Ledger community to withdraw the long-standing XChainBridge (XLS-38) amendment, which was designed to enable cross-chain bridging on the network. The company cites a lack of developer demand and the fact that Axelar's network...
21Shares has changed the pricing benchmark for its U.S. XRP exchange-traded fund (ETF) TOXR from the CME CF XRP-Dollar Reference Rate to the FTSE XRP Index, effective August 27. This change affects only the pricing methodology and does not alter the ...
Despite record $1.566 billion inflows into XRP ETFs, XRP's price has pulled back, showing a supply-demand imbalance and cautious investor sentiment. Institutional interest remains, but price fluctuations are driven by ETF flows, whale accumulation, a...
