XRP Liquidation Pressure Eases, But Spot Buying Remains Key

XRP's liquidation pressure on Binance has eased after months of sharp spikes, according to an analysis by Cryptoquant. The study suggests that the strain from leveraged trading has decreased, but sustained gains would still depend on spot buying, trading volume, and supportive price trends.

Long liquidations on Binance have exceeded short liquidations, indicating that long positions have been more heavily affected by recent downward price movements.

The network value-to-transactions ratio for XRP fell 69.28% to 36.97, which can reflect increased transfers, reduced valuation, or both.

U.S. spot XRP ETFs recorded $3.28 million in outflows on October 2, but the decline in liquidations may offer some relief for a sustained rise, which would require spot buying, trading volume, and price structure to support the move.