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XRP Falls After 44% Rally as Leverage Builds

XRP Falls After 44% Rally as Leverage Builds

Derivatives trading on Binance and OKX is dominating, with lots of long positions and $3.45 billion in open interest. That raises the risk of liquidations if XRP keeps sliding.

Binance is one of the largest crypto exchanges in the world.

Binance offers access to a wide range of cryptocurrencies, trading products and blockchain services. The platform is widely used internationally, but its availability and regulatory position can differ per country.