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XRP Price Holds Near $1.30 Amid Unwinding Leverage

Guavy AI Editorial Team
Instruments
XRP
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XRP has been trading near $1.30 amid a volatile market backdrop.

Data from TradingView shows the token down about 7% over the past week, following a sharp sell-off that briefly took it to multi-month lows.

Leverage in the XRP market is unwinding as open interest has dropped modestly after recent selling. This suggests aggressive long positions are being cut.

The outsized liquidations, primarily of long positions, have thinned the market’s leverage, reducing downside risk.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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