XRP Price Plunges Amid High Leverage and Short-Selling Pressure

XRP's price has dropped to $1.44 after a significant 44% weekly rally that pushed it from near $1 to $1.70.

This pullback comes as leveraged trading on Binance hits a seven-month high, with many large traders holding short positions between $1.22 and $1.52.

The key support zone of $1.45 to $1.50 is now critical; holding this range could indicate consolidation, while a break below may trigger liquidations and sharper declines due to crowded leverage.