Derivatives-Driven Wipeout Hits XRP as $20M in Long Positions Get Cleared
XRP's recent rally has been erased after a sharp derivatives-driven pullback left it trading near $1.43.
The wipeout was so severe that it cleared out around $20 million in long positions, leaving investors reeling.
Despite this setback, the token is still seeing strong demand from spot ETFs, with inflows reaching a seven-month high of $28.14 million on August 26.