XRP Price Drops 5.36% Amid Leverage and ETF Activity

XRP's price has dropped by 5.36% in the last 24 hours after experiencing a strong weekly rally of 43.7%, recovering from its early August lows.

The token traded near $1.44 on August 26, which is down from its recent high, and the leverage ratio on Binance hit its highest since January, indicating increased risk from leveraged futures trading.

XRP futures volume was over five times the spot volume, while the Bitwise XRP ETF saw daily trading above $80 million, though this reflects turnover rather than new investment inflows.

Despite the recent pullback, technical indicators remain bullish but stretched, suggesting potential volatility as XRP tests resistance levels around $1.45 to $1.50.