XRP falls below weekly low ahead of Fed decision
- —XRP trades at $1.27, below its weekly low, above the FVG zone of $1.19-1.22
- —Derivatives volume rose 41.79% to $7.84 billion, OI fell 8.60% to $2.86 billion
- —$33.44 million was liquidated on XRP in 24 hours, 83% were longs
- —Funding rate fell to 0.0015% from a peak of about 0.02% on August 22
Why it matters: The Fed decision will determine whether XRP breaks below the $1.19-1.22 zone or bounces; long leverage has already been largely flushed out.
Source: Cryptonews.net