XRP price drops 4%, Binance estimates that the token's leverage ratio plummeted from 0.59 in mid-July to 0.13, a 78% decrease, indicating a significant reduction in speculative positions. Analyst Amr Taha pointed out that this creates a clearer setup for its next major move. Despite the price decline, on-chain activity has surged, with XRP Ledger's weekly transaction volume reaching 19 million. The token is currently testing a key support level around $1.3130.

XRP-0,73%
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