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XRP leverage drops sharply on Binance amid strong selling, while select altcoins rally on unique catalysts.

Market News
18 Sep 2026
Cointribune
View Source
Neutral
XRP leverage drops sharply on Binance amid strong selling, while select altcoins rally on unique catalysts.

XRP is experiencing a significant reduction in leverage on Binance, with open interest dropping nearly one-third in under a month, despite only an 11% price decline. This deleveraging coincides with heavy selling pressure on both spot and futures markets, signaling cautious trader behavior. Meanwhile, certain altcoins like UNI, NEAR, and HYPE are rallying due to specific catalysts unrelated to a broad altseason, reflecting a market shift towards new investment areas such as real-world assets and on-chain perpetuals. XRP is also nearing a technical golden cross, but historical data shows mixed outcomes, making future price direction uncertain and dependent on broader market flows.

As XRP faces reduced leverage and selling pressure on Binance, on Pluang it is trading higher at Rp24.643 with a 6.76% gain as of Sep 19, 2026 01:21 WIB. Meanwhile, altcoins like NEAR and UNI show strong momentum, with NEAR up 24.43% at Rp67.413 and UNI rising 15.41% to Rp157.984. This suggests a shift in trader interest towards select altcoins despite XRP's mixed technical signals.

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