Trading of XRP continues amid significant price fluctuations and liquidation changes, attracting the attention of investors.
Liquidations in XRP: Market Changes
The XRP market has seen noticeable changes in liquidations. In the last hour, short sellers of XRP did not experience any liquidations, while long positions lost $651,250. Data from CoinGlass shows that in the past 60 minutes, only bullish positions in XRP faced losses.
Price Fluctuations of XRP
In the last 24 hours, XRP traded between $3.06 and $3.17. At the time of writing, XRP was priced at $3.11, reflecting a 1.06% decline. Trading volume fell by 18.82% to $5.72 billion, potentially due to significant profit-taking after a more than 40% surge in July.
New Coinbase Products for XRP
Coinbase announced the launch of a new product for XRP, called nano perpetual futures. These futures will require lower capital and will have no monthly expiration, unlike ordinary futures. This product is set to launch on August 18, alongside a similar offering for Solana.
XRP continues to attract trader interest due to its unconventional price patterns and changes in liquidations. The new product from Coinbase may also influence market activity.
