XRP Retreats to $1.49 After $1.65 Peak as Binance Top Traders Stay Heavily Long
- —XRP dropped 5.64% in 24 hours to $1.49, daily range $1.49–$1.65
- —Trading volume hit $8.33 billion; market cap stands at $93.74 billion
- —Immediate support at $1.48–$1.50, next zone at $1.39–$1.41
- —70% of Binance top traders are long; long/short ratio at 2.65
Why it matters: Heavy long positioning among top traders raises the risk of cascading liquidations if support at $1.48 breaks.
Source: The Crypto Basic