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XRP Price Warning: Leverage Resets as $11.8B in Reserves Loom

XRP exchange reserves reach 11.81 billion tokens as $1.25 support faces pressure, while lighter leverage leaves supply concerns unresolved. The post XRP Price Warning: Leverage Resets as $11.8B in Reserves Loom appeared first on Cryptonews.

XRP Price Warning: Leverage Resets as $11.8B in Reserves Loom
CryptoNews
AI summary

XRP exchange reserves have climbed to 11.81 billion tokens, a large supply overhang that could pressure prices if holders move coins to sell. The $1.25 support level is now under threat even as leverage in the market resets lower, reducing forced-liquidation risk but leaving the supply glut unresolved. Traders should watch whether $1.25 holds, since a break could open further downside while the reserve buildup caps rallies.

Narrative history
2 linked stories · 3 outlets · since 19 Oct
  1. 57M AGO
    You’re reading this
    XRP Price Warning: Leverage Resets as $11.8B in Reserves Loom
    CryptoNews · Score 45
  2. 19 OCT · 15:28
    U.Today · Score 45 · via 11.81, leverage
  3. 19 OCT · 14:20
    BeInCrypto · Score 45 · via Exchange Reserves, 11.81
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