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⛓️ Crypto⚪ NeutralImportance 6/10
XRP leverage collapses 78%, but $1.4B in ETF money still won’t leave because of Ripple’s expanding footprint
🤖AI Summary
XRP's price has declined 55% over six months to $1.37, with leverage trading collapsing 78% as open interest fell to $2.40 billion. Despite the price decline driving out speculative traders, $1.4 billion in ETF investments remains committed due to Ripple's expanding business operations.
Key Takeaways
- →XRP has dropped 55% in six months to trade at $1.37 as of press time.
- →Open interest in XRP futures collapsed 78% to approximately $2.40 billion according to CoinGlass data.
- →The price decline is filtering out speculative fast-money traders while retaining more durable long-term holders.
- →Despite the bearish price action, $1.4 billion in ETF money remains invested in XRP.
- →Ripple's expanding business footprint is cited as a key reason institutional money is staying committed.
Read Original →via CryptoSlate
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