XRP has seen a notable shift in futures liquidation, leading Bitcoin with $1.19 million compared to $823,340 for Bitcoin. Long traders accounted for most of these liquidations, highlighting increased leverage exposure and the potential for greater volatility.
XRP continues to correlate strongly with Bitcoin, suggesting its recovery prospects rely on Bitcoin’s movements. Additionally, macroeconomic trends, including Federal Reserve policies, could influence market dynamics and reset cryptocurrencies’ trajectories.
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