XRP hits $1.60 on $7.4B volume as CME leveraged funds cut shorts by 46.3M XRP
- —XRP hit $1.60 on Sept. 22 with about $7.4 billion in volume
- —CME leveraged funds cut their net short by 46.3 million XRP in a week
- —Coinbase Derivatives net short fell by just 2.45 million XRP
- —CFTC data reflected Sept. 15 positions and was released Sept. 18, before the rally
Why it matters: The CME-Coinbase gap points to a venue-specific positioning reset rather than a market-wide turn; the next CFTC report will show whether the split persisted.
Source: CryptoSlate