Crypto

XRP leverage drops sharply amid 20 percent pullback, raising questions over rebound prospects

Selling pressure in XRP’s derivatives market is rising rapidly, with Binance perpetual futures CVD dropping to minus $882.1 million and open interest down about 27% since Aug. 22. XRP has slid to $1.34 from a recent peak of $1.69, a decline of about 21%, as leveraged positions unwind. Open interest gains since mid-August have largely reversed, though the direction of liquidated positions is unclear. Weak order flow in both spot and derivatives markets persists.

Crypto

Signs of XRP buying near $1 point to Wyckoff accumulation phase

XRP remains weak around $1, but analysts say its price action may represent a test phase within a Wyckoff accumulation structure ahead of a potential rise. Weekly charts and on-chain indicators show short-term selling pressure alongside longer-term recovery potential. Whale wallets are accumulating between $1.00 and $1.20, while realized price is cited at $0.75. A break above $1.20 on strong volume is seen as a bullish signal, while a weekly close below $0.75 could invalidate the scenario.