Crypto
XRP Price Dives Below $1.45 Amid Leverage Unwinding
XRP's price drop below $1.45 has exposed pressure from crowded leveraged positions and short-term profit-taking.
The token, which had reached nearly $1.70 last week, remains up more than 27% over seven days.
Futures open interest remained near $3.45 billion, while 24-hour futures volume reached about $6.4 billion.
About $18.9 million in XRP positions were liquidated over 24 hours, including nearly $15 million in long positions.