Derivatives-Driven Pullback Sends XRP Price Sliding
XRP's price has slipped to $1.43 after a sharp derivatives-driven pullback erased much of its recent rally.
The token was trading near this level despite spot ETF demand continuing to strengthen, with XRP spot ETFs recording $28.14 million in net inflows on August 26 - their strongest single-day haul in more than seven months.
This pullback wiped out $20 million in long positions held by investors.