XRP Rallies on Derivatives Leverage as Exchange Supply Stays Locked
Analysis
Crypto Market Structure
cryptocurrency
derivatives
exchange reserves
Leverage
Open Interest
Ripple
XRP
TLDR: XRP gained 39% since August 18 while Binance exchange reserves stayed nearly flat overall. Long liquidations hit $25.7 million on August 22, the largest single day over the past six months. Funding rates cooled from 0.010 to 0.002 across three sessions as open interest fell 13% from its peak. Total XRP transactions rose 97% [...]
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Source: Source: Blockonomi