XRP's price dropped sharply to $1.22 following an $18 million liquidation cascade triggered by a massive 1,614% margin imbalance between long and short positions. This extreme imbalance caused rapid selling pressure, catching many traders off guard and increasing market volatility. Traders are now closely watching the $0.95 level as a potential support floor, which could either stabilize the price or lead to further declines if breached. The event highlights the risks of leveraged trading in crypto and suggests more volatility may follow if the market remains unstable.
On June 3, XRP dropped to a new year-to-date low of $1.188 amid a broad crypto sell-off driven by escalating U.S.-Iran military tensions. The decline triggered $14.06 million in long liquidations, overshadowing positive news like Mastercard's support...
DNA Protocol is pioneering a decentralized identity system on the XRP Ledger using zero-knowledge proofs, allowing users to verify personal attributes without revealing sensitive data. This approach shifts identity control from centralized institutio...
XRP has delivered about 65% annualized returns over the past two years, outperforming many large-cap cryptocurrencies despite a volatile market. Its price experienced sharp drops followed by strong recoveries, creating opportunities for long-term inv...
XRP recently dropped sharply, with trading volumes rising 56% and year-to-date losses at 33%. Despite geopolitical tensions and market fear, XRP ETFs have seen 21 consecutive days of net inflows, signaling continued investor interest. The critical su...
Grayscale's research head Zach Pandl highlighted that XRP spot ETFs might absorb 5-6% of XRP's circulating supply, similar to Bitcoin and Ethereum's ETF adoption. This means a significant portion of XRP could be held in ETF custody, reducing liquid s...
