🚨 $XRP is recovering, but the numbers raise a concern. Between October 8 and 10, Binance’s XRP/USDT trading volume plunged 78.6%, from $252.45M to just $54.12M, even as price gained 1.6% to $1.4024. Meanwhile, $40.7M in XRP long positions were liquidated across Binance, Bybit and OKX, compared with just $1.72M in shorts. Now futures positions are rebuilding, and funding rates have turned positive. But spot buying remains weak, with buyer-initiated volume falling to 43.1%. XRP’s price is recovering, but without stronger spot demand, can the rebound hold? #Macro Insights#