Are XRP traders collectively reducing leverage? Triple downward signals suggest a major volatility is imminent

【Crypto World】Recently, XRP has exhibited an interesting phenomenon—leverage positions, open interest, and price momentum are all declining simultaneously. This rare triple downtrend usually indicates that the market is about to make a move.

Data shows that traders are疯狂平仓. The leverage ratio has plummeted from a high of 0.58 in July to around 0.20, and open interest in futures contracts has also significantly decreased from over $10 billion. Meanwhile, XRP’s price has dropped to $1.9, and the Relative Strength Index (RSI) is approaching 35, clearly showing a bearish pattern.

However, there’s a detail—there’s no sign of extreme despair or capitulation in the market yet, so the situation is a bit delicate. On one hand, risks are being released, but on the other hand, some suspense remains. In this state, XRP is susceptible to further declines or sudden sharp volatility, so the subsequent trend is definitely worth watching closely.