TLDR
- XRP price fell toward $1.41 after reaching nearly $1.70 last week, though it remains up more than 27% over seven days.
- XRP’s estimated leverage ratio on Binance climbed to about 0.21, its highest level since January.
- Futures open interest remained near $3.45 billion, while 24-hour futures volume reached roughly $6.4 billion.
- About $18.9 million in XRP positions were liquidated over 24 hours, including nearly $15 million in long positions.
- US spot XRP ETFs recorded $28.14 million in net inflows on Aug. 26, lifting cumulative inflows to about $1.62 billion.
XRP price traded near $1.41 on Aug. 27 after falling from about $1.50 two days earlier. The token remains more than 27% higher over seven days, but the retreat from $1.70 has exposed pressure from crowded leveraged positions and short-term profit-taking.
XRP Price Faces Heavy Leverage
CryptoQuant data showed XRP’s estimated leverage ratio on Binance near 0.21, its highest level since January. Traders increased leveraged exposure as XRP price climbed from about $1 in mid-August, and much of that exposure remained after the rally lost momentum.
Futures open interest stood near $3.45 billion, while 24-hour futures volume reached about $6.4 billion. Spot volume was near $1.2 billion, showing that derivatives activity remained far larger than direct token trading during the pullback. This kept the market vulnerable to sharper moves if prices continued falling quickly.
Long Positions Add Selling Pressure
CoinGlass data showed about two long Binance accounts for every short account. Among top traders, the ratio moved close to three longs for every short, while OKX also recorded about two longs for every short account.
As XRP moved lower, leveraged positions began to unwind. XRP liquidations reached about $18.9 million over 24 hours, including roughly $15 million in long positions. Forced selling added pressure as traders also locked in gains from the recent rally.
ETF Demand Remains Positive
US spot XRP ETFs continued to attract capital despite the price decline. SoSoValue data showed $28.14 million in net inflows on Aug. 26, lifting cumulative net inflows to about $1.62 billion.
Bitwise led the session with $13.12 million, followed by Franklin Templeton with $9.02 million. The inflows followed several positive sessions and showed that institutional demand continued steadily while futures traders reduced leveraged exposure.
Key XRP Price Levels to Watch
On the four-hour chart, XRP moved below the Donchian Channel midpoint near $1.4539. The lower boundary near $1.3574 remains the closest support after price briefly approached $1.37 before recovering toward $1.41.
A break below $1.35-$1.36 could expose $1.30, followed by the earlier breakout zone near $1.20-$1.25. For buyers, reclaiming $1.45-$1.46 could reopen $1.50, while $1.55 remains the next resistance before $1.67-$1.70.
The post XRP Price Falls Below $1.45 as Longs Unwind appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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