XRP Leverage Falls on Binance, Echoing Signal Before Past Rally
Edited by Steinar Vigdel Kolnes, Editor, Oslo
CryptoQuant analysis points to declining XRP futures exposure on Binance, a setup similar to one that preceded a 72% rally.
XRP futures exposure on Binance is declining, according to an analysis shared by CryptoQuant and reported by Bitcoin.com News. The shift points to reduced leverage in the market.
The analysis compared the deleveraging pattern with a previous setup that was followed by a 72% rise in XRP’s price. That historical parallel underpins its outlook for a possible short-term rebound.
Lower leveraged exposure could ease market pressure, the analysis suggested. However, the signal does not establish that XRP will repeat its earlier gains.
Source: Bitcoin.com News
