XRP price falls 5% as leverage hits seven-month high

XRP traded near $1.44 on Aug. 26, falling 5.36% over 24 hours as traders reduced exposure after one of the token’s strongest weekly rallies since 2024. Summary XRP traded near $1.44 after falling 5.36% over 24 hours, while remaining 43.7% higher weekly. Binance’s estimated XRP leverage ratio reached 0.21, its highest level since January, CryptoQuant data showed. XRP futures volume reached $6.4 billion, exceeding reported spot volume by more than five times. Bitwise’s XRP ETF traded above $80 million daily after two sessions exceeding $60 million each. RSI reached 74.29 on the supplied daily chart, indicating overbought momentum without confirming reversal conditions. The XRP price remained approximately 43.7% higher over seven days despite Wednesday’s decline. Its 24-hour range extended from $1.42 to $1.52, while trading volume reached approximately $3.89 billion. XRP price retreats after its 44% rally XRP advanced from approximately $1.00 on Aug. 18 to an intraday high near $1.69 on Aug. 22. The move briefly produced gains exceeding 50% before the token retreated toward $1.44. The rally allowed XRP to recover above the consolidation range that contained its price during early Augu...