3 min read3 sources
XRP Flushes Its Leverage, Now ETF Demand Has to Prove Itself
XRP's late-June washout has cleared the speculative leverage out of the market, and that changes what the next move depends on. The token slid to around $1.02 on June 25 as long positions were liquidated, and futures open interest collapsed from roughly $1.3 billion to under $150 million, a multi-month low. With the crowded, leveraged sellers gone, downside pressure eases, but the rebound now rests on real buyers rather than traders. Network activity and spot ETF inflows have improved, yet broader spot-market demand has not shown up, leaving XRP holding near $1 with its recovery hinging on whether that demand finally arrives.
Be the first to vote0 votes