XRP Leverage Collapses Amid Price Decline
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XRP's market structure is undergoing a significant transformation as speculative leverage unwinds. The asset's price has declined 55% over six months to $1.37, while open interest has collapsed 78% to approximately $2.40 billion, indicating a substantial reduction in fast-money participation. This deleveraging suggests a shift toward more durable, long-term holders.
Despite this contraction in speculative activity, approximately $1.4 billion in ETF capital remains committed to XRP. This institutional persistence appears linked to Ripple's expanding operational footprint and real-world utility developments, which may provide fundamental support beyond short-term price volatility. The divergence between declining leverage and stable institutional interest creates a complex market dynamic.
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