XRP Leverage Flushed, Price Holds Steady
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XRP's estimated leverage ratio has flattened at low levels, while the price remains near $1.39, with a market cap of $85.7 billion and daily volume around $1.75 billion. CryptoQuant analyst PelinayPA noted that traders have reduced speculative exposure, yet the price did not follow them down. This suggests that leveraged positions have been largely cleared out, reducing the risk of a long squeeze. Historically, when leverage runs hot during a rally, crowded longs can lead to sharp corrections. The current environment, with subdued leverage and stable price action, indicates that the market is in a healthier position for the next move. With speculative excess flushed out, XRP's next directional move is wide open, potentially favoring a sustained rally if buying pressure resumes.
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