XRP's Sharp Reversal: A Leverage Problem or Institutional Exit?

XRP has dropped by 6.23% in the past 24 hours, making it the largest decline among the top 10 cryptocurrencies by market capitalization.

This sharp reversal comes after XRP surged from around $1.00 on August 18 to an intraday high of nearly $1.69 just four days later, a move that was so aggressive it briefly touched the psychologically important $1.70 mark before Bitcoin's own pullback started dragging altcoins lower.

The token is still up 35.55% over the past seven days, trailing only Hyperliquid's 38.65% weekly gain among the top 10 and comfortably outpacing Bitcoin, Ethereum, and every other major coin.

XRP-linked ETFs have logged nine straight days of net inflows, suggesting this is a leverage problem rather than institutions heading for the exits.