XRP Liquidation Pressure Eases, but Spot Buying Remains Key to Sustained Gains

The liquidation pressure on XRP on Binance has eased after months of sharp spikes, suggesting less strain from leveraged trading, according to a new analysis.

The analysis, published by Cryptoquant on Oct. 2, showed that XRP long liquidations on Binance exceed short liquidations, indicating that long positions have been more heavily affected by recent downward price movements.

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

For a sustained advance in XRP, spot buying, trading volume, and price structure would need to support the move, as the analyst outlined the conditions for a lasting advance.