XRP loses leverage on Binance while selling pressure increases
Something rather curious is happening around XRP. On Binance, much of the leverage accumulated over the past few weeks is disappearing. In spot markets, sellers are still applying pressure. And at the same time, UNI, NEAR, or HYPE suddenly gain height. The crypto market is thus showing two nearly opposite pictures. The data published by Amr Taha on CryptoQuant helps make sense of the first: in XRP, traders are closing their positions much faster than the price retraces.
XRP is going through a deleveraging phase, with traders closing their leveraged positions much faster than the price retraces.
CryptoQuant also notes strong selling pressure in spot markets, suggesting the move goes well beyond the derivatives market.
The recovery in altcoins remains very selective: UNI, NEAR, HYPE, or ZEC are advancing thanks to their own catalysts rather than a truly broad-based altseason.
Capital now has new arenas to play in, including RWA, prediction markets, on-chain perps, and millions of new tokens that fragment liquidity.
XRP is approaching a golden cross without any guarantee of a sustained rally: its history shows signals that are often short-lived, but sometimes followed by strong three-month upswings.
XRP traders cut leverage at full speed
Let’s start with the CryptoQuant figures. On August 22, XRP open interest on Binance was around $323 million. By September 17, it was barely $219 million. Nearly one-third gone in less than four weeks.
The price, for its part, fell by about 11% over that period.
$XRP
$RWA
$LIT
#xrp
Something rather curious is happening around XRP. On Binance, much of the leverage accumulated over the past few weeks is disappearing. In spot markets, sellers are still applying pressure. And at the same time, UNI, NEAR, or HYPE suddenly gain height. The crypto market is thus showing two nearly opposite pictures. The data published by Amr Taha on CryptoQuant helps make sense of the first: in XRP, traders are closing their positions much faster than the price retraces.
XRP is going through a deleveraging phase, with traders closing their leveraged positions much faster than the price retraces.
CryptoQuant also notes strong selling pressure in spot markets, suggesting the move goes well beyond the derivatives market.
The recovery in altcoins remains very selective: UNI, NEAR, HYPE, or ZEC are advancing thanks to their own catalysts rather than a truly broad-based altseason.
Capital now has new arenas to play in, including RWA, prediction markets, on-chain perps, and millions of new tokens that fragment liquidity.
XRP is approaching a golden cross without any guarantee of a sustained rally: its history shows signals that are often short-lived, but sometimes followed by strong three-month upswings.
XRP traders cut leverage at full speed
Let’s start with the CryptoQuant figures. On August 22, XRP open interest on Binance was around $323 million. By September 17, it was barely $219 million. Nearly one-third gone in less than four weeks.
The price, for its part, fell by about 11% over that period.
$XRP
$RWA
$LIT
#xrp
