CryptoQuant: XRP Liquidation Pressure on Binance Eases, Spot Demand Still Key
- —XRP derivatives open interest on Binance fell 32% from $323M to $219M
- —XRP NVT ratio declined 69.28% to 36.97
- —U.S. spot XRP ETFs saw $3.28 million in outflows on Oct. 2
- —Combined net assets of XRP ETFs stood at $1.658 billion
Why it matters: Easing liquidations reduces selling pressure, but a lasting XRP rally still depends on spot demand and trading volume.
Source: Bitcoin.com
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