XRP Spot Demand Proves Resilient Amid Liquidation Cycle
XRP's liquidation pressure has eased as spot demand remains the key test for the cryptocurrency.
A recent analysis by a prominent market observer suggests that while XRP's price has been affected by the ongoing liquidation cycle, its spot demand remains strong.
This is in contrast to other cryptocurrencies like Bitcoin and Ethereum, which have seen significant declines in their spot prices due to the increased selling pressure.