XRP rebounded as Binance spot turnover fell nearly 80%

What happened

XRP futures exposure began rebuilding by October 11 after market-data provider XRPL.to recorded $40.70 million in long liquidations across Binance, Bybit and OKX during October 7–8 in its streamed sample. Binance and Bybit each had less outstanding futures exposure measured in XRP at midnight on October 11 than at midnight on October 8, even after both books expanded over the preceding day. Binance is a cryptocurrency exchange and finance company based in United Arab Emirates.

Binance and Bybit exposure is returning after XRPL.to's sampled liquidation wave, while Binance spot turnover declined during the rebound. The post XRP rebounded as Binance spot turnover fell nearly 80% appeared first on CryptoSlate .

XRP traded near $1.40 at the October 11 snapshot. Meanwhile, Binance spot trading slowed during the price rebound, leaving the recovery without clear evidence of sustained buying on that venue.