Crypto
XRP Hits Resistance as Leverage Risks Escalate
XRP has reached a resistance level of $1.54 and a support level of $1.30, according to current market data.
The weekly closing price has fallen below the 50-week moving average, which ChartNerdTA considers an important warning sign.
The number of active addresses on the XRP network has increased by 654.71% between August 10th and August 24th.
Binance data shows that the leverage ratio has reached a new all-time high over the past seven months, accompanied by a growing risk of liquidation.