XRP derisking is underway as traders reduce leverage and open interest amid a price drop below $2.00, signaling reduced market risk appetite and potential for increased volatility. Data from CryptoQuant indicates the Estimated Leverage Ratio has fallen sharply to 0.20, a multi-month low that often precedes significant price swings. XRP leverage has contracted dramatically from […]
Source: https://en.coinotag.com/xrp-leverage-decline-and-open-interest-drop-signal-potential-volatility