XRP Rebounds From $1.30 as $184M in Longs Floods Binance
- —Peak-hour Taker Buy Volume on Binance exceeded $73 million
- —Subsequent hourly intervals added roughly $35 million each, totaling $184 million
- —Bybit saw only $1 million in comparable buys, OKX less than $451,000
- —XRP had corrected 22.5% from its September high of $1.65 before the bounce
Why it matters: The heavy concentration of leveraged longs on Binance leaves XRP exposed to cascading liquidations and higher volatility.
Source: U.Today