Analysts at CryptoQuant report that late buyers using high leverage on Binance faced significant XRP liquidations recently, highlighting the risks of leveraged trading during volatile market moves.
Digital asset investment products saw net outflows for a fourth consecutive week, while funds tied to XRP and Solana bucked the trend by attracting new capital.
Crypto investment funds recorded $173 million in outflows last week, marking a fourth consecutive week of withdrawals as Bitcoin's price fell below $70,000.
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Ripple and SWIFT executives reportedly held a private meeting in Miami, fueling market speculation about potential institutional adoption of the XRP cryptocurrency.