Key facts
- XRP's leverage ratio on Binance hit a 7-month high of 0.213.
- XRP experienced a 44% rally in the past week.
- XRP fell 6.23% in 24 hours, underperforming major cryptocurrencies.
- The token is retesting the $1.40 support zone.
- XRP-linked ETFs have seen nine consecutive days of net inflows.
XRP has experienced its steepest decline among the top 10 cryptocurrencies, falling 6.23% in 24 hours to approximately $1.38. This pullback follows a significant rally that saw XRP surge 44% in a week, reaching a 7-month high in its leverage ratio on Binance to 0.213. This elevated leverage indicates a concentration of long positions, which are now being tested as the market digests broader macroeconomic factors like Bitcoin's movement above $80,000 and anticipation of inflation data and Nvidia's earnings. Despite the recent drop, XRP remains up 35.55% over the past week. The token is currently retesting the $1.40 zone, which previously acted as resistance and has now flipped to support. XRP-linked ETFs have recorded nine consecutive days of net inflows, suggesting institutional interest remains despite the short-term price volatility.