XRP Suffers 1.7% Slump Amid Rising Long Liquidations

XRP has fallen 1.7% over the past 24 hours to around $1.39, according to Coingecko data.

The token's price has struggled to hold above $1.40, despite demand from US spot XRP exchange-traded funds remaining positive.

However, the amount of fresh capital entering these products slowed last week, with a net inflow of just $18.96 million compared to $110.49 million in the previous week.

Roughly $14.2 million in XRP positions were liquidated across two sessions, while open interest fell 14% from $558 million to $478 million, and the estimated leverage ratio dropped from 0.203 to 0.182, according to CryptoQuant data.