Nearly 12,000,000,000 XRP Piled Up on Exchanges After $25.7M Liquidation Wipeout
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The Crypto Basic
Cryptocurrency News | Cryptocurrency Prices | Market CapNearly 12,000,000,000 XRP Piled Up on Exchanges After $25.7M Liquidation Wipeout
XRP exchange reserves have risen to 11.8 billion tokens despite a $25.7 million liquidation event that forced leveraged traders out of the market. The figure shows that the amount of XRP held on exchanges has reached one of its highest levels in the past year, which raises concerns about possible selling pressure as the price struggles to recover.Visit Website
XRP's reserves in exchanges scaled to 11,810 million tokens, its highest level of the year, and rekindled doubts about a potential selling pressure. The market also assesses the effect of reducing leverage and the asset's ability to retain support of USD $1.25.
XRP exchange reserves rose to 11.81 billion tokens, while open positions on Binance fell by 15.8% in October, and liquidations cleared leveraged long positions.
coin-turk.com
BITRSS📊 The amount of $XRP on exchanges has risen to 11.81 billion tokens, reaching one of the highest levels in the past year. 🐋 1.6 billion XRP were transferred from large wallets to Binance in 30 days, while open interest decreased by 15.8% since the beginning of the month. 🏦 The total net inflow of approximately $1.8 billion in spot XRP ETFs indicates institutional demand that can meet the increasing exchange supply. ⚙️ XRP Ledger bug fixes are…
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