Crypto
XRP Price Tumbles After $14.2M Liquidation Flush
XRP's price has seen a significant drop in open interest following a $14.2 million liquidation flush.
The token's open interest fell 14% from $558 million to $478 million, while leverage dropped from 0.203 to 0.182.
Funding rates also slipped to -0.002, ending a 14-session streak of positive funding.
Binance reserves remained steady at 2.6176 billion XRP despite the liquidation flush, and deposit addresses sending XRP to Binance dropped by 91%.